What's Going On With SoFi Technologies Stock?

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading lower Friday. The stock has lost more than 15% over the last five days and appears to be moving on continued downward momentum.

What To Know:

Though shares of SOFI are down for the week, the stock has gained nearly 30% over the last year. 

Jim Cramer, when asked about SoFi Technologies on CNBC’s "Mad Money Lightning Round" said, "I think, if anything, I’m a buyer, not a seller."

SoFi Technologies has grabbed the attention of retail investors and short-selelrs alike. The stock is frequently listed on Yahoo! Finance's trending tickers list, and according to data from Benzinga Pro, 11.73% of available SOFI shares are being sold short. 

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SOFI Price Action: According to Benzinga Pro, SoFi Technologies shares are down 4.3% at $7.60 at the time of publication.

Image: Alexander Naumann from Pixabay