Shares of $SOFI ended yesterday with only a +6% gain after strong…

Community

· Jul 30

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?

A community member's personal view, not investment advice. Community Guidelines

Nigel Thornton @_thornton Aug 1

They need the money, and such a correction doesn't matter at all because the stock will come back quickly.

Bill Combs @billcombs Aug 1

I think so too and we'll see how far the stock goes this year!!

⌘ K

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