What's Going On With SoFi Technologies Shares?

SoFi Technologies, Inc. SOFI shares are trending Monday, and the stock has gained more than 12% over the past five days. Here's a look at what's going on:

What To Know:

Last Week on CNBC’s "Mad Money Lightning Round," Jim Cramer said he is bullish on SoFi Technologies. "Remember, this stock is up substantially from where it was in the spring. I think Noto’s doing a great job," he added.

Last Wednesday, SoFi announced a deal with Blockchain.com in which all SoFi crypto accounts for U.S. users will be given the opportunity to migrate to Blockchain.com's platform.

Joseph Otting, Blockchain.com independent director said, "This collaboration will open new doors and opportunities for SoFi members, providing access to a broad range of digital tokens and advanced trading features." 

According to data from Benzinga Pro, shares of SOFI are trading above the stock's 50-day moving average of $7.48 and below its 52-week high of $11.70.

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SOFI Price Action: According to Benzinga Pro, SoFi Technologies shares are up 1% at $7.92 at the time of publication.

Image: Pete Linforth from Pixabay