Stock Market Today, March 18: SoFi Technologies Dips 1% Day After Short Report
SoFi Technologies (NASDAQ:SOFI), a digital banking and lending platform, closed Wednesday at $17.18, down 1.09%. The stock moved as investors weighed SoFi’s rebuttal to Muddy Waters’ short report and CEO Anthony Noto’s $500,000 insider share purchase, while monitoring ongoing regulatory and accounting scrutiny. Trading volume reached 80.7 million shares, coming in about 36% above its three-month average of 59.5 million shares. SoFi Technologies IPO'd in 2021 and has grown 41% since going public. How the m ...