Why SoFi Stock Dropped 13% in January

Shares of SoFi Technologies (NASDAQ: SOFI) stock fell 13% in January, according to data provided by S&P Global Market Intelligence. There were a few moving pieces, including news about the Federal Reserve that affected financial stocks in general, and concerns leading up to the company's earnings report on Jan. 30 about whether or not it could sustain its high valuation. The stock fell after the report as well. Image source: Getty Images. Where to invest $1,000 right now? Our analyst team just revealed wh ...