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Why SoFi Technologies Stock Was Down 2.1% Today

TheMotleyFool

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Why SoFi Technologies Stock Was Down 2.1% Today: https://g.foolcdn.com/editorial/images/706373/two-people-leaning-forward-on-desk-talking.jpg

SoFi Technologies (NASDAQ: SOFI) saw its stock price fall 2.1% on Wednesday. It had been up 1.9% around 10:30 a.m. ET, but sank lower and ended the day at $5.55 per share. The stock price is down about 65% year to date.

It was a mixed day on Wall Street as the Dow Jones Industrial Average was up 2 points, the S&P 500 was down 28 points (0.7%), and the Nasdaq Composite dropped 228 points (2%).

There was no specific catalyst that dragged down the online bank and lender SoFi Technologies on Wednesday. Instead, the fintech likely felt the pull from some high-profile technology companies that underperformed in the third quarter.

Source Fool.com

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