Overall market sentiment has been down on SoFi Technologies Inc (SOFI) stock lately. SOFI receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
SoFi Technologies Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on SOFI!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With SOFI Stock Today?
SoFi Technologies Inc (SOFI) stock is trading at $6.40 as of 9:47 AM on Friday, Aug 19, a decline of -$0.28, or -4.27% from the previous closing price of $6.68. The stock has traded between $6.33 and $6.53 so far today. Volume today is less active than usual. So far 2,862,484 shares have traded compared to average volume of 37,261,370 shares.
To see InvestorsObserver's Sentiment Score for SoFi Technologies Inc click here.
More About SoFi Technologies Inc
SoFi is a financial services company that was founded in 2011 and is currently based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020 the company also offers payment and account services for debit cards and digital banking.
Click Here to get the full Stock Report for SoFi Technologies Inc stock.