Sofi stock price today is holding at approximately $8

Sofi stock price today is holding at approximately $8.02, showing resilience despite weakness in fintech peers. Institutional buying has increased slightly, signaling confidence in Sofi’s diversified revenue streams in loans, banking, and technology services. SoFi's target market is customers who are just getting started in managing their money, and this cohort has a long financial road ahead of it. It's no wonder the market sees tremendous opportunities here and is rewarding SoFi stock accordingly: It's up more than 225% during the past year. The decline followed a strong performance the previous day, where the stock reached a new 52-week high. It is common for stocks to experience a temporary retreat as some investors decide to lock in profits after a significant upward move. With no other major company-specific news driving the stock, the current price action seems to be a result of technical trading dynamics rather than a change in the company's fundamental outlook. Sofi stock price today rose to $8.08 in late afternoon trading. Market sentiment improved after fintech sector ETFs posted gains on expectations of rate cuts later this year.