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Options Corner: SoFi Technologies' Collapse Offers A Potential Contrarian Trade - SoFi Technologies (NASDAQ:SOFI)

SoFi raised $1.5 billion at $27.50 per share, triggering an 8% drop and heavy trading as volatility increased before earnings, with volume 74% above average.

Summary by Benzinga
One of the most actively traded securities on Tuesday, SoFi Technologies Inc (NASDAQ:SOFI) earned this distinction dubiously, with its security falling about 9%. Adding to the perplexing development is that there doesn't seem to be a distinct catalyst for the implosion. Possibly, SOFI stock is responding to concerns associated with excessive valuations, along with weakness in the cryptocurrency sector. Still, the red ink may be hiding a contrari…

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FXStreet broke the news in on Tuesday, January 6, 2026.
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