SoFi Stock Breaks Below Key Moving Averages on $1.5B Offering. Should You Buy the Dip?

SoFi Technologies (SOFI) stock tanked roughly 7% on Dec. 5 after the fintech announced a $1.5 billion convertible notes offering, raising immediate dilution concerns. The selloff pushed SOFI decisively below its 100-day moving average (MA) on Friday, indicating continued bearish momentum in the near to medium term. More News from Barchart Following today’s decline, SoFi shares are down nearly 16% versus their recent (November) high. www.barchart.com Does the Offering Warrant Selling SoFi Stock? SOFI ...