Sofi stock price closed 0.85 percent lower after touching an intraday high at $17.35.

SoFi Technologies stock price tumbled on Thursday as markets witnessed selling pressure. Tesla Motors, Microsoft, Apple, Nvidia and Amazon closed lower.

SoFi Technologies, Incorporated (NASDAQ: SOFI) continues to make waves in the financial technology space, driven by innovative offerings and strategic growth initiatives.

Morningstar has revised its fair value estimate for SoFi Technologies Incorporated to $14, up from $13 earlier target.

Research house Morningstar has issued a HOLD rating on SoFi Technologies, Incorporated, setting a fair value estimate at $13 per share, slightly above its recent market price of $10.42.

Coinbase and Marathon Digital Holdings stocks were trading with impressive gains on Columbus Day as Nasdaq was trading nearly 1.2 percent higher.