Why SoFi Technologies Stock Jumped 50.3% in January
SoFi Technologies (NASDAQ: SOFI) was good to investors in January as its stock price soared 50.3% higher, according to data provided by S&P Global Market Intelligence. As of Feb. 2, after a few more good days since the end of the month, it is up a whopping 75% year to date. This eases some of the pain from 2022, when it fell almost 71%.
SoFi outperformed the major market indexes in January as the S&P 500 was up 6.2%, the Dow Jones Industrial Average gained 2.8%, and the Nasdaq Composite was up 10.7%.
Source Fool.com
