Want to Buy the Dip on SoFi Stock? Here's 1 Risk You Need to Know About.
Shares of SoFi Technologies (NASDAQ: SOFI) had a phenomenal two-year run. In the 24-month period from the start of 2023 to the end of 2024, they soared 234%. But things have cooled in recent months, with volatility still present.As of this writing (April 10), SoFi shares are trading 59% off their peak from February 2021. This is despite the business registering solid growth and profitability. If the dip is enticing you to buy this fintech stock, though, consider one crucial risk first.SoFi was founded in 2011 to help students pay for their education. This was reflected in the company's lending activities. In 2018, 2019, and 2020, SoFi originated $18.1 billion total in student loans. This was a key business driver. Continue reading
Shares of SoFi Technologies (NASDAQ: SOFI) had a phenomenal two-year run. In the 24-month period from the start of 2023 to the end of 2024, they soared 234%. But things have cooled in recent months, with volatility still present.
As of this writing (April 10), SoFi shares are trading 59% off their peak from February 2021. This is despite the business registering solid growth and profitability. If the dip is enticing you to buy this fintech stock, though, consider one crucial risk first.
SoFi was founded in 2011 to help students pay for their education. This was reflected in the company's lending activities. In 2018, 2019, and 2020, SoFi originated $18.1 billion total in student loans. This was a key business driver.
