The Biggest Reason SoFi Stock Surged 20% May Surprise You

In this video, Motley Fool contributor Jason Hall breaks down SoFi Technologies(NASDAQ: SOFI) great quarterly results that helped spur the stock price higher, along with the two main reasons shares surged 20% in a single day. One of the reasons may come from an unexpected source.

*Stock prices used were from the afternoon of Jan. 29, 2024. The video was published on Jan. 30, 2024.

Should you invest $1,000 in SoFi Technologies right now?

Before you buy stock in SoFi Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.

See the 10 stocks

*Stock Advisor returns as of January 29, 2024

Jason Hall has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

The Biggest Reason SoFi Stock Surged 20% May Surprise You was originally published by The Motley Fool