SoFi stock tumbles in regular session as post-upgrade bounce fades — what to watch next
SoFi Technologies shares fell 6.4% to $20.37 Wednesday afternoon, erasing earlier gains after a recent J.P. Morgan upgrade. The drop followed a broader selloff in tech stocks and came days after SoFi posted a strong fourth-quarter profit. Chief Risk Officer Arun Pinto entered a prepaid variable forward contract tied to 71,500 shares, netting about $1.2 million upfront. Investors await next week’s delayed U.S. jobs and inflation reports.