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SoFi stock jumps 5% amid recovery hopes after a tough year

Market News
22 Sep 2026
24/7 Wall Street
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Bullish
SoFi stock jumps 5% amid recovery hopes after a tough year

SoFi Technologies shares rose 5% following a period of decline, sparking speculation about a potential rebound. Despite a 32% drop year-to-date and trading near its 52-week low, SoFi reported strong Q2 2026 revenue growth and raised its full-year guidance. The stock's recent gains appear driven by technical factors rather than new company news, with investors cautious due to past underperformance compared to peers. The upcoming Q3 report will be a key test for sustained momentum.

SoFi Technologies trades at USD 17.14 on Pluang as of Sep 22, 2026 21:03 WIB, up 1.00% for the day. The stock remains near its 52-week low of USD 15.15, with a market cap of $21.92 billion. Despite recent gains, 71% of Pluang orders are sell orders, indicating cautious investor sentiment.

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