SoFi Technologies, Inc. (SOFI) is experiencing a rise in its stock price today, which can be attributed to recent institutional interest. Qsemble Capital Management LP has disclosed a new position in SoFi, purchasing 118,279 shares valued at approximately $930,000 during the third quarter. This move, reported on November 27th, highlights growing confidence among institutional investors in SoFi's potential, which may be contributing to the positive sentiment around the stock.
The current price of SoFi Technologies is $15.79, reflecting a 1.97% increase from its previous close of $15.49. The stock opened at $15.68 and has seen a slight rise of 0.73% since the market opened.