SoFi's Sputtering Momentum: A Test for Fintech Hopefuls SoFi Technologies, once a darling of investors in the fintech sector, has been struggling with its momentum.
Despite delivering record first quarter results in April, the company's stock has plummeted by 32. 6% over the past 52 weeks and year to date losses total 42. 3%.
The sharp sell off was triggered by management's decision to maintain full year guidance after the earnings release.