SoFi Stock Plunges on September 30 – What’s Going On?
SOFI opened Sep 30 near $27.50 and slipped to close around $26.04 reuters.com, down ~5.5%. Trading volume was elevated, compared to a 3-month average of ~1.48 million. The drop on Sep 30 extended a slight pullback from late-September highs near the $30.30 52-week peak. Over Sep 25–29, the stock was fairly flat: it closed $27.55 on Sep 29 and $27.98 on Sep 24. Tuesday’s decline lagged the broad market: the tech-heavy Nasdaq Composite was up ~0.5% on Sep 30 nasdaq.com even as SOFI fell.