SoFi shares rise despite Fed rate hike as sentiment steadies
SOFI shares climbed nearly 1% overnight after the Fed raised its benchmark rates on Wednesday. Retail sentiment on Stocktwits improved from “extremely bearish” to “bearish” over 24 hours as some investors argued a rate hike was already priced in.
Shares of SoFi Technologies Inc. (SOFI) rose nearly 1% overnight even after the Federal Reserve lifted benchmark interest rates by 25 basis points on Wednesday. Retail sentiment on Stocktwits improved from ‘extremely bearish’ to ‘bearish’ over 24 hours as some investors argued that a ra…