Why SoFi Technologies Stock Crumbled Today
SoFi Technologies(US:SOFI) The Motley Fool·2024-01-03 17:48Shares of red-hot fintech SoFi Technologies (SOFI -13.63%), which more than doubled in 2023, are stumbling out of the gate in 2024. After sliding 3% on Jan. 2, the first trading day of the New Year, SoFi fell further Wednesday morning, with the stock losing an additional 13.5% through 11:35 a.m. ET.I blame investment bank Keefe, Bruyette & Woods for that.Easy come, easy goFrom a share price below $5 at the start of last year, SoFi stock raced past $10 a share in the closing days of 2023. But investors may h ...