SOFI - Down 30% Is Now a Good Time to Buy the Dip in SoFi Stock?
2024-07-14 12:11:00 ET
The markets have gotten off to a roaring start so far in 2024. The S&P 500 is up 18%, while the Nasdaq Composite has gained 23%.
To be honest, investors should be hard-pressed to find a company that is experiencing accelerating revenue, generating profits, and operating in a growth industry whose stock is down this year.
Unfortunately, one company that meets the criteria above is SoFi Technologies (NASDAQ: SOFI) . Despite a financially sound business, the stock has cratered 30% so far this year.
For further details see:
Down 30%, Is Now a Good Time to Buy the Dip in SoFi Stock?