SoFi Technologies Rises 57% YTD: How Should You Play the Stock?

SoFi Technologies’ (SOFI) stock has soared 56.8% in the year-to-date period, outperforming the 23.5% rally of the industry it belongs to and 27.1% growth of the Zacks S&P 500 composite.The company’s shares have significantly outpaced its competitor Joint Stock Company Kaspi.kz’s (KSPI) 13.4% rise and Ally Financial Inc.’s (ALLY) 11.4% gain over the same period.YTD Price Performance Image Source: Zacks Investment Research As of the last trading session, SoFi Technologies’ stock price closed at $15.6, margina ...