SoFi Stock Surges 2.89% on $1.17 Billion Volume as Trading Activity Climbs 48.94% to 76th Market Rank
On August 7, 2025, SoFi TechnologiesSOFI-- (SOFI) rose 2.89% with a trading volume of $1.17 billion, marking a 48.94% increase from the prior day and ranking 76th in overall market activity. The stock’s recent performance reflects a mix of strategic product launches and operational momentum.
SoFi’s second-quarter results highlighted a 44% year-over-year surge in adjusted net revenue, its highest growth in two years, driven by record lending activity and cross-selling of financial products. Lending revenue climbed 30%, with $8.8 billion in originations, while non-lending services grew 106%. The company also reintroduced cryptocurrency trading in June and expanded private investment options in July, attracting new user segments.
Investor sentiment tempered in early August as the company announced a new equity offering priced below market value, contributing to a 5% decline in early August. However, SoFi’s focus on student and young professionals, combined with lower interest rates, positions it to sustain growth in its lending and financial services segments.
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