SoFi Stock Price Falls Again as Muddy Waters Fight Keeps Pressure on Shares
SoFi Technologies shares fell 3.7% to $15.94 in midday trading Thursday after a short-seller report alleged at least $312 million in unrecorded debt and questioned loan practices. SoFi denied the claims and said it may pursue legal action. CEO Anthony Noto bought 28,900 shares on March 17 at $17.32. Mizuho defended SoFi, maintaining an Outperform rating and $38 target.