RTTNews | Oct 11, 2021 10:36AM EDT

10:35 Monday, October 11, 2021 (RTTNews.com) - Shares of SoFi Technologies, Inc. (SOFI) are gaining nearly 9% on Monday morning after Morgan Stanley initiated coverage on the finance company with an "overweight" rating.

SOFI is currently trading at $17.60, up $1.39 or 8.57%, on the Nasdaq, on a volume of 16.8 million shares, below average volume of 21 million shares. The stock has traded between $11.80 and $28.26 in the 52-week period.

Morgan Stanley called the company a "powerful revenue growth story as it ramps share of the consumer financial services wallet."

Social Finance is a finance company that operates an online platform that provides financial services. It offers student loan refinancing, private student loans, personal loans, auto loan refinance, home loans, mortgage loans, and investments, as well as insurance products for renters, homeowners, automobiles, and others.

Read the original article on RTTNews ( https://www.rttnews.com/3231820/sofi-technologies-shares-gain-9-on-morgan-stanley-s-overweight-rating.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved