Why SoFi Technologies Stock Blasted 6% Higher Today
SoFi Technologies (NASDAQ: SOFI) was quite the stock market winner on Tuesday. The fintech's share price shot up by more than 6% on the back of a very encouraging piece of internal research it published that morning. That gain trounced the less than 1% lift of the S&P 500 index.
In the first of what's apparently intended to be an annual series, SoFi released its SoFi Investor Study. This research, culled from a survey of 1,000 investors, produced a number of promising indications of investor behavior in the months ahead. It also showed some interesting trends prevalent in 2022.
For the latter period, most (93%) of the respondents continued to invest in various financial investments despite the often high market volatility. The three most common regrets for these folks was that they did not buy more cryptocurrency at reduced prices; they failed to load up on stock in the same situation; and they opted not to sell out of stock positions prior to that market's decline.
Source Fool.com