SOFI Shares Slide After-Hours On Missed S&P 500 Inclusion — Retail Says ‘Market Can't Beat Down On A Better Company’ Shares of SoFi Technologies Inc. fell in after-hours trading on Friday following the company’s exclusion from the S&P 500 index’s latest quarterly rebalancing. The decision came despite widespread expectations among Wall Street analysts and retail investors that SoFi would be included in the benchmark index. Earlier in the week, Shay Boloor, Chief Market Strategist at Futurum Equities, had listed SoFi as one of the top candidates for inclusion in the index on his X post. The S&P 500 added several companies to its list, including Vertiv (VRT), Lumentum (LITE), Coherent (COHR), and EchoStar (SATS), which will join the index starting March 23. Conversely, companies like Match Group (MTCH), Molina Healthcare (MOH), Lamb Weston (LW), and Paycom (PAYC) were removed from the index. SoFi’s exclusion has sparked mixed reactions among retail investors, with some expressing disappointment over the decision. Retail traders on platforms like Stocktwits voiced their opinions, with one user lamenting the exclusion, stating, “The market can’t beat down on a better company.” Another investor urged patience, suggesting that a few more quarters of strong earnings would secure SoFi’s inclusion in the index. A third user dismissed concerns, arguing that the company’s growth trajectory would continue and predicted SOFI shares could reach $27 by June. At the time of writing, the stock was trading around $18.90. SoFi’s financial performance has been a key factor in its inclusion prospects. In January, the company reported its first quarterly revenue exceeding $1 billion, surpassing Wall Street expectations. Its earnings also beat analyst forecasts, highlighting its strong financial position.#sofi_technologies_inc #sp_500 #shay_boloor #stocktwits #futurum_equities
