SoFi Stock Price Falls as Muddy Waters Fight Drags On Despite Mizuho Defense
SoFi Technologies shares dropped 50.5 cents to $16.65 Tuesday morning after Muddy Waters Research accused the company of hiding $312 million in debt. Analyst Dan Dolev defended SoFi, citing public disclosures, but the stock remained near lows set after the short seller’s report. CEO Anthony Noto bought 28,900 shares on March 17. Other fintech stocks, including Affirm and LendingClub, also fell.