SoFi Technologies Inc. shares often take big swings after earnings, so it’s notable that Tuesday’s historic decline didn’t come in the wake of financial results.
Rather, the 15.3% tumble in SoFi’s stock SOFI Tuesday came as the financial-technology company announced it planned to offer $750 million in convertible senior notes that will be due in 2029. The announcement came on a day when technology stocks rode lower, with the Nasdaq Composite Index COMP down 1.7%.
Tuesday’s…
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