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Stock impact report

Stock Market Today, March 18: SoFi Technologies Dips 1% Day After Short Report [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
SoFi Technologies (NASDAQ:SOFI) , a digital banking and lending platform, closed Wednesday at $17.18, down 1.09%. The stock moved as investors weighed SoFi's rebuttal to Muddy Waters' short report and CEO Anthony Noto's $500,000 insider share purchase, while monitoring ongoing regulatory and accounting scrutiny. Trading volume reached 80.7 million shares, coming in about 36% above its three-month average of 59.5 million shares. SoFi Technologies IPO'd in 2021 and has grown 41% since going public. How the markets moved today The S&P 500 fell 1.37% to 6,624, while the Nasdaq Composite lost 1.46% to finish at 22,152. Within financial technology and online banking LendingClub closed at $13.31, down 5.70%, and Upstart ended at $25.83, sliding 7.19%, underscoring broader weakness across fintech lenders. What this means for investors One day after being the subject of a short-report from short-selling investment firm Muddy Waters, SoFi fired back, stating, “The claims made in the Mu Show less Read more
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