SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff [Yahoo! Finance News]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Yahoo! Finance News
As SoFi Technologies Inc. shares fell Friday amid the fallout over Silicon Valley Bank’s collapse, the financial-technology company’s chief executive bought up stock.SoFi Chief Executive Anthony Noto bought about $995,000 in SoFi shares, Shares of SoFi, the neobanking company best known for its lending products, closed Thursday at $6.09. They hit an intraday low of $5.21 in Friday’s session before finishing the trading day at $5.58, down 8.4%.Context:The purchase showed “an opportunistic tack” on the part of Noto, as he was “buying into weakness as shares fell alongside other financials due to the problems at SVB,” according to VerityData research director Ben Silverman, who tracks insider purchasing.“We think he’s trying to signal to investors that contagion impacting names like SoFi is creating a buying opportunity,” added Silverman.Don’t miss:Silicon Valley bites the hand that feeds it in SVB bank runSoFi disclosed in a separate filing Friday afternoon that it “does not ho
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SOFI
News
- SoFi Technologies, Inc. (SOFI) Declines More Than Market: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business Financing [Yahoo! Finance]Yahoo! Finance
- Rapid Finance Taps SoFi, Galileo to Enable Rapid Access Mastercard for Small Business FinancingBusiness Wire
- 3 No-Brainer Money-Related Stocks to Buy Right Now for Less Than $500 [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 1/29/24 - Beat
SOFI
Sec Filings
- 4/8/24 - Form ARS
- 4/8/24 - Form DEFA14A
- 4/8/24 - Form DEF
- SOFI's page on the SEC website