SoFi Just Hit a New 52-Week High -- Can It Keep Rising?

The stock market was having a generally strong day on Tuesday in its first day of trading since the presidential inauguration. As of 2:30 p.m. ET, the S&P 500 (SNPINDEX: ^GSPC) was higher by about three-fourths of a percentage point.SoFi (NASDAQ: SOFI) was a major standout. Not only was the fintech stock higher by nearly 10% for the day, but it reached a new 52-week high, continuing the strong momentum it has shown since mid-2024.There isn't any company-specific news driving SoFi higher on Tuesday. However, there are still several factors that could be contributing to the move.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool