Shares of SoFi Technologies Inc. (NASDAQ: SOFI), a prominent name in the digital personal finance sector, are experiencing a slight downturn in afternoon trading on May 28th, though the stock has shown signs of recovering from earlier intraday lows.
As of 1:37 PM EDT, SOFI stock was trading at 0.058, or 0.43%, for the current trading session. The fintech company opened the day at $13.39, which was also its previous closing price. Throughout the session, it has reached an intraday high of $13.43 and touched a low of $13.13.
SoFi Technologies currently boasts a market capitalization of $14.74 billion and has a P/E ratio of 31.87. No dividend yield is currently reported for the company. The stock’s 52-week performance has seen it trade between a low of $6.01 and a high of $18.42, illustrating the growth and volatility often associated with innovative fintech companies.
The intraday chart for SOFI indicates a dip after the market open, finding support around the $13.13 level before staging a noticeable recovery in the early afternoon. This pattern suggests some buying interest emerged at the lower price point. Investors continue to monitor SoFi closely for its comprehensive suite of financial products and its expansion in the competitive digital banking and lending landscape.
