Long Position on SOFI @ $18.00 on 10/12/2021 (Momentum)

Social Finance, Inc. (SOFI), a finance company, operates an online platform that provides financial services.

It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others.

The company also offers SoFi Weekly Dividend ETF, an equity ETF to provide a weekly dividend payment to shareholders.

Social Finance, Inc. was formerly known as Credit-Linked Community Notes of Social Finance Inc. The company was incorporated in 2011 and is based in San Francisco, California with additional office locations in Healdsburg, California; and New York, New York.

SoFi Technologies initiated with an Overweight at Morgan Stanley - Morgan Stanley analyst Betsy Graseck initiated coverage of SoFi Technologies with an Overweight rating and $25 price target. The analyst calls SoFi a "powerful revenue growth story" as it ramps share of the consumer financial services wallet. Competition is rising, but the company "has a leg up given its roots in the hardest part of consumer finance, lending, along with a robust digital offering," Graseck tells investors in a research note.

Entry Point: $18.00

Trading Range: $11.80 - $28.26

Stop Loss: $17.00

Target Price: $19.80

Position closed on 10/14/2021 at price of $19.55 with a 8.61% gain in 2 days.

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