Stock Market Today, Feb. 23: SoFi Technologies Pulls Back as Investors Reassess Fintech Momentum

SoFi Technologies (NASDAQ:SOFI), a digital-first banking and lending platform, closed Monday’s session at $18.23, down 4.15%. The stock declined as investors responded to its lowest price since July and are watching for signs of stabilization after a strong prior-year rally. The company’s volume reached 82 million shares, which is roughly 49% above compared with its three-month average of 54.9 million shares. SoFi Technologies went public in 2021 and has grown 49% since going its IPO. How the markets move ...