Shares of $SOFI ended yesterday with only a +6% gain after strong results. However, after the market closed, the company announced a public stock issuance of approximately $1.5 billion, sending the stock down 8%. It's not ideal and I'm not happy about it, but I believe the stock will bounce back soon.
What do you think? Do you think it's the right move?
They need the money, and such a correction doesn't matter at all because the stock will come back quickly.