SoFi Technologies, Inc. SOFI shares are volatile on Friday having resumed trading after being halted to the downside.
What To Know:
According to Reuters, the U.S. Supreme Court ruled to block President Joe Biden's plan to cancel $430 billion in student debt. The Court ruled against Biden in a 6-3 decision to block the plan that would have forgiven up to $10,000 in federal student debt for Americans making under $125,000 and $20,000 for recipients of Pell grants.
Retail investors have shown interest in SOFI, and the stock was the top trending ticker on StockTwits at last check. SoFi is a fintech company that provides a variety of financial goods and services, including student loan refinancing, and shares of SoFi have risen over 22% since the agreement on the debt ceiling deal.
Related News: Why Canopy Growth (CGC) Shares Are Tanking Friday
SOFI Price Action: According to Benzinga Pro, SoFi shares are trading 2.28% lower at $8.52 at the time of publication.
Image: Courtesy of SoFi Technologies, Inc.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
