As SoFi shares fell Friday amid the fallout over Silicon Valley Bank's collapse, the financial-technology company's chief executive bought up stock.
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.
Shares... 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. 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%.
The purchase showed “an opportunistic tack” on the part of Noto, as he was “buying into weakness as SOFI shares fell alongside other financials due to the problems at SVB,” according to VerityData research director Ben Silverman, who tracks insider purchasing.
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