After hours it's already given back all the gains. The previous close was $21.03 and it's already back around that. If I was a swing trader SoFi earnings would make me rich. It always pops then drops again.
Ppl were pissed at SoFi / Noto for pulling a perceived hoe move.
They had a great Q2 earnings report yesterday that saw the stock jump to $25… but then after hours they announced a “$1.5 billion underwritten public offering of its common stock”… so basically share dilution on deck, compounded that they announced it after the earning report not during, which had the stock skyrocket (and allowed their insiders time to sell) before the public offering news was announced
Now ppl fear the puts will be puttin and the price may dip even further. So it’s a bit annoying, on some potentially +$5 forward, -$10 back ish
that offering by sofi was dirty but their story and trajectory is still looking good. i think the stock broke through previous resistance and that resistance is now support.
what's up with the huge inside buying on newegg? i haven't heard of that company in years and i checked the stock and it's up over 400% YTD. i assume it's a crazy short squeeze going on but is there gas in the tank for higher?
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