SoFi Technologies Inc. rallied past the $25 mark during trading on 22 August, reaching a 52-week high on what market participants described as unusually strong volume. The move extends a multi-day advance that had already drawn attention for sharp intraday swings and a series of rebounds from earlier lows this week. The strength in SoFi came as a broader group of growth-oriented fintech and software names also advanced. Unity Software rose roughly 8 percent intraday, following a burst of call-option buying the previous session. Upstart Holdings continued its post-earnings rebound, with traders citing optimism that a widely anticipated Federal Reserve rate cut in September could bolster credit-driven business models. The rotation back into higher-beta technology shares follows a generally positive week for U.S. equities, as investors add risk ahead of next monthβs central-bank meeting. Option-market activity in several of the stocks suggests expectations for further moves in the coming months.
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