Shares of SoFi Technologies Inc (NASDAQ:SOFI) are trading higher Thursday morning, continuing a 14% monthly climb supported by a new institutional position disclosure and solid second-quarter results reported late last month.
Here’s what investors need to know.
SoFi Technologies stock is showing upward movement. Why is SOFI stock advancing?
Institutional Stake Addition
The positive price action on Thursday builds on regulatory disclosures published earlier in the day revealing new institutional buying, including Philadelphia Investment Partners initiating a $1.07 million, 59,550-share position.
