Why SoFi Stock Is on Fire

SoFi 's (NASDAQ: SOFI) shares bounced recently on news that student loans wouldn't be forgiven on a mass scale. That's great for the company's business, and Travis Hoium goes through why in this video.

*Stock prices used were end-of-day prices of Aug. 30, 2024. The video was published on Sept. 3, 2024.

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Travis Hoium has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.