SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What...

Published on 10 Dec 2024 on Benzinga

SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What...

SoFi Technologies Inc. SOFI stock closed 2.81% lower at $15.57 apiece on Monday and fell further by 0.5% in premarket trading on Tuesday. This comes after Bank of America Securities downgraded the scrip due to valuation concerns.

However, technical analysis based on the simple moving averages points to a different story for the stock.

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NASDAQ.SOFI price evolution

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SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What...

NASDAQ.SOFI price evolution

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