Why SoFi Stock Fell 22% Last Month

Last month, shares of SoFi Technologies (NASDAQ: SOFI), a financial technology (fintech) services company, tumbled 22.1%, according to data provided by S&P Global Market Intelligence , as some investors reevaluated their exposure to some areas of the market. While no company-specific news drove SoFi lower in February, a few factors likely contributed to the stock's decline, including investor unease about the company's high valuation and the Federal Reserve's pause on interest rate cuts. It's also likely th ...