SoFi Technologies Stock Sharply Lower After Downgrade

SoFi Technologies Inc (NASDAQ:SOFI) stock is plummeting today, down 13.1% at $8.39 at last glance, after a downgrade from Keefe, Bruyette & Woods (KBW) to "underperform" from "market perform," with a price-target cut to $6.50 from $7.50. The majority of analysts lean bearish on the equity, with only six of the 19 in coverage carrying a "buy" rating. Today's drop has SOFI back below familiar pressure at the $9 level, as well as recent support at its 20-day moving average. In the last year, the equity is stil ...