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SoFi Technologies, Inc. (SOFI) Stock Moves -0.41%: What You Should Know
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SoFi Technologies, Inc. (SOFI - Free Report) closed at $14.59 in the latest trading session, marking a -0.41% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.14%. Elsewhere, the Dow lost 1.23%, while the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the company had lost 28.08% in the past month. In that same time, the Business Services sector lost 5.35%, while the S&P 500 lost 1.37%.
Wall Street will be looking for positivity from SoFi Technologies, Inc. as it approaches its next earnings report date.
It is also important to note the recent changes to analyst estimates for SoFi Technologies, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SoFi Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.
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SoFi Technologies, Inc. (SOFI) Stock Moves -0.41%: What You Should Know
SoFi Technologies, Inc. (SOFI - Free Report) closed at $14.59 in the latest trading session, marking a -0.41% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.14%. Elsewhere, the Dow lost 1.23%, while the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the company had lost 28.08% in the past month. In that same time, the Business Services sector lost 5.35%, while the S&P 500 lost 1.37%.
Wall Street will be looking for positivity from SoFi Technologies, Inc. as it approaches its next earnings report date.
It is also important to note the recent changes to analyst estimates for SoFi Technologies, Inc.Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. SoFi Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 171, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SOFI in the coming trading sessions, be sure to utilize Zacks.com.