SoFi stock (SOFI) slides nearly 4% in premarket as risk-off tone returns after holiday

Shares of SoFi Technologies Inc dropped roughly 3%, slipping to $26.34 in early Wednesday trading, following a close of $27.14 in the previous session.

SoFi Technologies shares rose 1.1% to $26.89 in afternoon trading on Tuesday, while the S&P 500 slipped about 0.4%, as investors weighed whether a new push to cap credit-card rates could redirect borrowers toward online lenders.

Shares of SoFi Technologies finished Monday down 3% at $26.60, slipping after earlier climbing as much as 2.3% during a choppy session.

Shares of SoFi Technologies slipped roughly 1.7% to $26.94 by 11:12 a.m. ET on Monday, after earlier hitting $28.05. Traders initially jumped on a Washington-related headline, only to pull back soon after.

Shares of SoFi Technologies dipped 1.1% on Friday, closing at $27.40, after the fintech firm filed a Form 8-K outlining a new paid adviser role for its former general counsel. Stephen Simcock, who retired effective Dec. 31, 2025, will serve as an adviser from Jan. 5 through Dec. 31, 2026. He’ll receive a monthly fee of $83,333.33, along with COBRA health coverage subsidies covered by the company. The stock fluctuated between $27.25 and $28.37, with about 43.8 million shares changing hands.