SOFI is trading 2.5% down today at $17.75 as traders take profits following a sharp multi-day rally driven by optimism over its new eligibility for S&P 500 index inclusion.
- The stock is seeing a pullback after surging on news that it is now eligible for the benchmark index.
- Broader pressure in the crypto market, with Bitcoin and Ethereum down around 3%, is weighing on sentiment for crypto-linked financial platforms like SoFi.