SoFi stock slides 6% in premarket as JPMorgan trims stake; insider buy flashes on tape
SoFi shares fell 6.2% to $19.46 in premarket trading after a JPMorgan filing showed its stake dropped to 3.7%, below the 5% threshold. Executive Eric Schuppenhauer bought 5,000 shares at $19.93 each, raising his direct holdings. JPMorgan previously held 5.1% as of December 31. Affirm and PayPal also traded lower before the bell.