20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower Thursday following a downgrade from Oppenheimer.
What Happened: Oppenheimer analyst Dominick Gabriele downgraded SoFi from an Outperform rating to a Perform rating, citing valuation concerns.
The news comes after Oppenheimer maintained its Outperform rating and raised its price target to $8 just over one week ago.
SoFi shares have rallied more than 90% over the last month and are up nearly 20% over the last week. On Wednesday, the stock got a boost when BTIG analyst Lance Jessurun initiated coverage with a Buy rating and announced a price target of $14.
Several other analyst firms have raised price targets on SoFi since the start of the month including Wedbush, Truist Securities and Keefe, Bruyette & Woods.
See Also: MicroVision Stock Is Surging Thursday: What's Going On?
SOFI Price Action: SoFi has a 52-week high of $10.23 and a 52-week low of $4.24.
The stock was down 5.44% at $9.21 at the time of publication, according to Benzinga Pro.
Photo: Joshua Woroniecki from Pixabay.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!