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Why SoFi Stock Popped 10% Today
SOFISoFi Technologies(SOFI) The Motley Fool·2024-10-15 01:44

A $2 billion financing deal has investors excited. Shares of SoFi Technologies (SOFI 10.65%) jumped as much as 10.5% in early trading Monday after the company announced a $2 billion personal-loan financing deal. The stock pulled back slightly but was still up 9.3% as of 12:30 p.m. ET today. The $2 billion boost for SoFi stock Fortress Investment Group agreed to provide $2 billion in financing for the platform for personal loans. SoFi CEO Anthony Noto said this would help his company "serve the financial nee ...