SoFi Just Hit a New 52-Week High -- Can It Keep Rising?

21.01.25 21:11 Uhr

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The stock market was having a generally strong day on Tuesday in its first day of trading since the presidential inauguration. As of 2:30 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) was higher by about three-fourths of a percentage point.SoFi (NASDAQ: SOFI) was a major standout. Not only was the fintech stock higher by nearly 10% for the day, but it reached a new 52-week high, continuing the strong momentum it has shown since mid-2024.There isn't any company-specific news driving SoFi higher on Tuesday. However, there are still several factors that could be contributing to the move.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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