If You Invested $1,000 in SoFi in 2021, This Is How Much You Would Have Today
If you invested $1,000 in SoFi Technologies (NASDAQ: SOFI) two years ago on June 30, 2021, your position would be worth a disappointing $470 today. That translates into a loss of 53%. Investor interest in fintech stocks has fallen off a cliff from a couple years ago. The Nasdaq Composite, by contrast, fell only 5% during the same time frame.
Investors might be tempted to buy shares. The stock is up more than 80% year to date, so for some folks looking to ride the momentum to high returns, it could be an interesting play given SoFi remains well off its all-time high.
But before doing that, let's discuss what's been happening with this popular fintech stock, as well as how it's positioned as we look ahead.
Source Fool.com
