Why SoFi Technologies Stock Fell 19.5% in July

Why SoFi Technologies Stock Fell 19.5% in July

Shares of SoFi Technologies (NASDAQ: SOFI) fell 19.5% in July, according to data from S&P Global Market Intelligence. Lockup provisions for newly public companies are usually for a period of 90 to 180 days after a stock begins trading, during which insiders and early investors are prevented from selling stock on the open market.