New York, February 23, 2026, 17:42 EST — After-hours.
SoFi Technologies (SOFI.O) shares fell about 4.2% to $18.22 in after-hours trading — the session after the closing bell — on Monday. The stock ranged from $17.59 to $18.87, with about 82.6 million shares traded.
The slide came as Wall Street stocks sank on revived tariff angst and fresh nerves about which companies might get hit by new AI tools, with investors eyeing Nvidia’s results due Wednesday for the next read on risk appetite. The Dow fell 1.66%, the S&P 500 lost 1.04% and the Nasdaq dropped 1.13%; financial stocks were off 3.3%. “You’ve seen the market react to headlines, it’s ‘sell first, assess later,’” said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management. (Reuters)
SoFi has traded like a high-beta bet on consumer credit and growth. On days when investors yank money out of financials and tech at the same time, the stock can move fast.
A regulatory filing on Friday showed executive vice president Kelli Keough sold 9,755 SoFi shares at a weighted average price of $18.8742, in trades ranging from $18.57 to $19.12. The Form 4 — a mandatory SEC disclosure of insider transactions — said the sale was made under a Rule 10b5-1 plan adopted in July. (StreetInsider.com)
That does not automatically signal anything about business trends, but it can sharpen nerves when the market is already looking for excuses to cut risk. SoFi’s heavy volume on Monday suggested short-term traders were active.
SoFi said on Jan. 30 its fourth-quarter profit rose as loan demand stayed firm and its fee-based businesses grew. Financial services revenue jumped 78% to $456.7 million and total loan originations hit a record $10.5 billion, it said, as CEO Anthony Noto argued personal loans could step in if a proposed cap on credit-card rates squeezes banks. “People will still need credit and it would leave a massive gap in the market,” Noto told Reuters at the time. (Reuters)
But the near-term risk is macro. Reuters columnist Jamie McGeever wrote that Trump’s new, temporary 15% global tariff threat has left investors defensive again, and traders will also be parsing Trump’s State of the Union address after U.S. markets close on Tuesday. (Reuters)
The next big company catalyst for SoFi is its first-quarter report, due May 4, according to Investing.com. Investors will be looking for updated guidance on loan growth, deposit costs and credit performance after the recent stock volatility. (investing.com)
