SoFi Shares Bounce Back Toward $16 in Nasdaq Rally; Fintech Pullback in Focus
SoFi Technologies rebounded to $15.95 Thursday after plunging 3.6% on heavy volume Wednesday, as tech stocks and major indexes recovered; investors weigh strong Q1 revenue and member growth against the stock’s high beta and mixed analyst outlook, with shares still well below the 52-week high of $32.73.