Up 124% In 2023, SoFi Stock Is Caught Between Bulls And Bears

As a shareholder of San Francisco-based fintech, SoFi Technologies, I am disappointed its stock trades 57% below the high it reached in June 2021 – the day it went public by merging with a Special Purpose Acquisition Company.

Yet the news is not all bad. Its shares have done well in 2023 – up 124% through August 2. What’s more, SoFi reported expectations-beating second quarter results and boosted its forecast.