SoFi stock drops below $30 after $1.59 billion share sale as options traders brace for a 13.7% earnings swing
SoFi Technologies shares fell nearly 9% on Tuesday after it completed the sale of 57.8 million shares in a public offering priced at $27.50, a deal that implies gross proceeds of about $1.59 billion. The stock was down 8.9% at $26.68 in late morning trading. Investing.com Canada