SoFi Technologies Stock Drops, Investors Worry About Dilution

SoFi Technologies stock plummets seven percent following a $1.5 billion convertible note offering, raising concerns about share dilution. Despite potential long-term growth opportunities, the stock is now down sixteen percent from its November high, with the one hundred-day moving average indicating continued downward momentum. Investors may find this a chance to buy at a lower price, but caution is advised due to valuation risks and the current downward trend.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.