The Great Post-Covid Comeback Continued: SOFI
Building on my series about stocks making some fairly epic comebacks off their lows, I now want to talk about SoFi, which I know many follow. SoFi, was at one point down 85% from its highs and was in the dumps. It was considered a failing bank.
However, it would appear that as I've been writing, emerging from the great Covid post-crash are companies that have stuck to it, worked their tails off, and stuck to the core business.
Once a pandemic-era darling, SoFi’s stock price crashed by a staggering 85% from its highs. The descent was brutal, a reflection of both overzealous initial valuations and the challenging macroeconomic environment that followed. But here’s the kicker: from its lowest point, SoFi has rallied an incredible 334%. Yes, that’s right, a more-than-threefold increase from its lows.
What I find compelling about SoFi is that its recovery reflects a broader trend. Like other pandemic high-flyers, SoFi has had to adapt to the realities of post-pandemic growth. It’s not just about bouncing back; it’s about proving resilience and relevance in a vastly different economic climate.
I am following these moves closely and have many more to post about. Stay tuned! Also, if you have any stocks that are making comebacks like this, let me know. I have already mentioned PLTR, APP, TWLO, CVNA, DASH, and more. But, much more is on the way.
However, it would appear that as I've been writing, emerging from the great Covid post-crash are companies that have stuck to it, worked their tails off, and stuck to the core business.
Once a pandemic-era darling, SoFi’s stock price crashed by a staggering 85% from its highs. The descent was brutal, a reflection of both overzealous initial valuations and the challenging macroeconomic environment that followed. But here’s the kicker: from its lowest point, SoFi has rallied an incredible 334%. Yes, that’s right, a more-than-threefold increase from its lows.
What I find compelling about SoFi is that its recovery reflects a broader trend. Like other pandemic high-flyers, SoFi has had to adapt to the realities of post-pandemic growth. It’s not just about bouncing back; it’s about proving resilience and relevance in a vastly different economic climate.
I am following these moves closely and have many more to post about. Stay tuned! Also, if you have any stocks that are making comebacks like this, let me know. I have already mentioned PLTR, APP, TWLO, CVNA, DASH, and more. But, much more is on the way.
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Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Leading TradingView's educational videos on Youtube: youtube.com/channel/UCfOflihrkOKDQZ_ZKtF2VfQ
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
Read my blog here: scheplick.com
Follow me on X here: x.com/scheplick
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