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Stock Market Today, March 17: SoFi Technologies Falls After Short Seller Alleges Aggressive Financial Engineering
Yahoo Finance· 2026-03-17 21:29
SoFi Technologies (NASDAQ:SOFI), an online personal finance platform, closed Tuesday at $17.37, down 1.47%. Shares moved lower after a new short-seller report alleged aggressive financial engineering and misstated debt. Investors are watching how SoFi defends its accounting and executes on its Mastercard stablecoin partnership. Trading volume reached 157.5 million shares, coming in about 167% above its three-month average of 59 million shares. SoFi Technologies IPO'd in 2021 and has grown 42% since going pu ...