Why Shares of SoFi Just Hit a 52-Week High Today

Shares of the digital bank and fintech company SoFi (NASDAQ: SOFI) traded roughly 8.6% higher, as of 1:26 p.m. ET today, hitting a new 52-week high earlier in the day of $18.92. There's no obvious reason behind the move, but a few reasons could explain the jump.Last week, SoFi announced in a press release that it will offer new crypto initiatives on its platform. As investors may recall, SoFi had offered members the ability to buy certain cryptocurrencies on its investing platform, but had to cease those operations in 2023 due to agreements with regulators. However, with the pro-crypto Trump administration, all systems are a go.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool