SoFi Stock Price Slips After Muddy Waters Report as CEO Anthony Noto Buys More Shares
SoFi Technologies shares slipped premarket after Muddy Waters revealed a short position and accused the company of hiding $312 million in debt. SoFi called the report misleading and said it may take legal action. CEO Anthony Noto bought nearly $500,000 in shares Tuesday. The stock traded at $17.37, down 24 cents from the prior close.