SoFi Technologies Slips to 83rd in Trading Volume Ranking as Stock Price Drops 2.98 Percent

On July 21, 2025, SoFi Technologies (SOFI) experienced a significant decline, with its trading volume reaching $1.034 billion, marking a 20.92% decrease from the previous day. This drop placed SoFi at the 83rd position in terms of trading volume for the day. The stock price of SoFi fell by 2.98%, marking the second consecutive day of decline, with a total decrease of 4.21% over the past two days.

SoFi Technologies has seen a remarkable surge in its stock price over the past year, roughly tripling in value. This growth can be attributed to the company's innovative approach to disrupting the traditional banking sector. SoFi's financial performance has been strong, supported by bullish technical indicators. However, there are concerns about the stock's valuation, which some analysts believe is priced for perfection. The fintech space is highly competitive, and SoFi faces stiff competition from other players in the industry.

Despite the recent decline, SoFi's stock remains a subject of interest for investors. The company's strong financial performance and positive earnings call outcomes have contributed to its bullish outlook. However, the stock's overbought status on the RSI14 indicator suggests that short-term traders may find it a good selling opportunity. SoFi Technologies, Inc. is a financial service platform that provides student loan refinancing options to the private student loan market, among other services.