SoFi Technologies (NASDAQ: SOFI) is having a banner year, with its stock up 84% since January. Last week, that momentum hit a new gear as the price climbed, forcing investors to take a closer look.
Interestingly, the sharp upward move occurred with trading volume below the recent average, suggesting a scarcity of sellers and firm conviction among current shareholders. This raises a critical question: Is this just a short-term squeeze, or is the market signaling a permanent, positive shift in the company's future? A deeper look at the data suggests this is a fundamental re-rating built on a foundation of real, sustainable profit.
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