When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SOFI - SoFi Technologies: The Market Is Wrong About Convertible Notes Offering
SoFi Technologies Inc.
2024-03-06 07:00:00 ET
Summary
SoFi Technologies stock demonstrated a 15% plunge in one day after news regarding new convertible notes offering.
It looks like the market overreacted since the deal is aimed to improve debt structure of SoFi and replace new notes with instruments with higher interest rates.
The company continues demonstrating exceptional performance across all key metrics and SOFI stock's valuation is very attractive after the recent dip.