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SoFi Technologies Hits Record High Amid Retail Trader Frenzy
SoFi Technologies Hits Record High Amid Retail Trader Frenzy
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BTCCSquare news:
SoFi Technologies Inc. surged 4.52% to a historic close of $26.15 on Monday, eclipsing its 2021 peak as retail traders piled into bullish options bets. The digital financial services provider has rallied 70% year-to-date, with a 175% rebound since April lows, fueled by consecutive earnings beats.
Second-quarter adjusted net revenue jumped 44% to $858 million, defying broader market stagnation. Unusually high call option volume suggests speculative interest is outpacing institutional participation. Analysts have upgraded targets following the fintech's demonstrated growth in personal lending and banking products.
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