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0 -1.7162471395841E-05 0.00113844393592676 -0.000572082379862586 -0.00286041189931354 -0.00343249427917613 -0.000572082379862586 -0.000572082379862586
Stock impact report

Stock Market Today, March 17: SoFi Technologies Falls After Short Seller Alleges Aggressive Financial Engineering [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
SoFi Technologies (NASDAQ:SOFI) , an online personal finance platform, closed Tuesday at $17.37, down 1.47%. Shares moved lower after a new short-seller report alleged aggressive financial engineering and misstated debt. Investors are watching how SoFi defends its accounting and executes on its Mastercard stablecoin partnership. Trading volume reached 157.5 million shares, coming in about 167% above its three-month average of 59 million shares. SoFi Technologies IPO'd in 2021 and has grown 42% since going public. How the markets moved today The S&P 500 added 0.27% to finish Tuesday at 6,717, while the Nasdaq Composite gained 0.47% to close at 22,480. In financial technology, peers LendingClub closed at $14.12, up 1.77%, and Upstart ended at $27.83, up 0.14%, as investors assessed lending and credit trends. What this means for investors Well-known short-selling firm Muddy Waters released a short report on SoFi this afternoon, prompting the stock to temporarily sink 6% before r Show less Read more
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