SoFi stock is trading below key moving averages with a .5 billion offering. Should you buy the dip?

SoFi stock is trading below key moving averages with a $1.5 billion offering. Should you buy the dip?

Shares of SoFi Technologies (SOFI) plunged about 7% on Dec. 5 after the fintech announced a $1.5 billion convertible note offering, raising concerns of immediate dilution. The sell-off pushed SOFI decisively below its 100-day moving average (MA) on Friday, indicating continued bearish momentum in the near to medium term. Following today’s drop, SoFi stock is…

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