Cathie Wood Is Trimming SoFi Stock After Big Rally. Wall Street Isn't Convinced Yet
This article first appeared on GuruFocus.
Cathie Wood’s ARK Invest sold about 21,094 shares of SoFi Technologies (NASDAQ:SOFI), reducing its stake in the fintech company as the stock has climbed about 90% year-to-date.
The shares have risen sharply in 2025,
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Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Jimmy McMillan sprung to fame a decade ago as the founder of the “Rent is Too Damn High”
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Down We Go?
Yesterday, we discussed how the market had shown relative strength recently and asked the question whether the bullish sentiment would last. While it’s hard to know precisely when a bottom will take place, we highlighted the danger of trying to pick the low point because inevitably at some stage betting on the bottom will lead to a losing trade where lower lows follow.
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