SoFi Stock Price Today Falls as Muddy Waters Battle Drags On, Mizuho Keeps $38 Target
SoFi Technologies shares dropped 2.7% premarket Wednesday to $16.70 as investors reacted to a Muddy Waters short-seller report alleging $312 million in unrecorded debt. SoFi denied the claims and said it may pursue legal action. Mizuho defended SoFi, maintaining a $38 price target. CEO Anthony Noto bought 28,900 shares on March 17 after a previous purchase earlier in the month.