What's Going On With SoFi Technologies Stock?

SoFi Technologies, Inc. SOFI shares are volatile on Friday having resumed trading after being halted to the downside. 

What To Know:

According to Reuters, the U.S. Supreme Court ruled to block President Joe Biden's plan to cancel $430 billion in student debt. The Court ruled against Biden in a 6-3 decision to block the plan that would have forgiven up to $10,000 in federal student debt for Americans making under $125,000 and $20,000 for recipients of Pell grants.

Retail investors have shown interest in SOFI, and the stock was the top trending ticker on StockTwits at last check.  SoFi is a fintech company that provides a variety of financial goods and services, including student loan refinancing, and shares of SoFi have risen over 22% since the agreement on the debt ceiling deal.

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SOFI Price Action: According to Benzinga Pro, SoFi shares are trading 2.28% lower at $8.52 at the time of publication.

Image: Courtesy of SoFi Technologies, Inc.