SoFi stock slides despite JPMorgan upgrade as Wall Street debates valuation
SoFi Technologies shares fell 3.4% to $21.34 Tuesday afternoon, despite JPMorgan upgrading the stock to “Overweight.” The drop followed a brief rally after last week’s strong earnings. Trading volume reached 66 million shares. SoFi also said it will liquidate its Next 500 ETF, with trading ending Feb. 18.