New York, June 19, 2026, 08:08 (EDT)
- U.S. stocks will not trade Friday due to Juneteenth. Nasdaq and NYSE have listed June 19, 2026 as a holiday on their calendars.
- SoFi finished Thursday at $17.91, gaining 2.81%. Shares added about 8% for the holiday-shortened week, up from $16.58 on June 12.
- CEO Anthony Noto bought 13,888 shares in the open market. An 8-K filing said shareholders voted in favor of the directors, approved executive compensation, and kept Deloitte as auditor.
SoFi Technologies shares ended Thursday at $17.91, up 2.81%, with fresh insider buying coming in before the Juneteenth holiday break. U.S. stock markets, including Nasdaq and NYSE, are closed Friday for the holiday.
That’s key today as the stock looks for footing after a steep 2026 slump. SoFi closed Thursday still far off its 52-week high of $32.73, despite this week’s rally. Investors are still trying to square record Q1 numbers with management’s call in April to leave full-year guidance unchanged.
Stocks pushed higher heading into the break. SoFi picked up from $16.58 on June 12 to $17.91 by June 18, up about 8%. Trading was heavy, with volume topping 80 million shares Thursday and over 120 million on Wednesday, market data showed.
SoFi CEO Anthony Noto picked up 13,888 shares in a June 16 purchase at a weighted average of $18.0578, according to a Form 4 filing. That brings his direct stake up to 11,960,507 shares. A Form 4 is what SEC rules require insiders to file after stock trades.
The company posted results from its annual meeting. Shareholders picked 10 directors and gave advisory approval to executive pay. They also ratified Deloitte & Touche LLP as independent auditor for 2026. No other items went to a vote.
SoFi CEO Anthony Noto told shareholders at the June 17 annual meeting that the company is “still just getting started.” He mentioned SoFi Plus, SoFiUSD, and business banking as areas where SoFi is pushing for more growth. Noto said SoFiUSD could back “faster, safer, and cheaper payments globally.” The company put paid subscribers for SoFi Plus at more than 180,000. StockAnalysis
The story still centers on lending size, deposits, and what SoFi earns from fees. First quarter numbers: adjusted net revenue came in at $1.09 billion, a jump of 41%. Adjusted EBITDA was $339.9 million, up 62%. Loan originations hit a record, too, at $12.2 billion for the quarter.
Wall Street still cautious. William Blair’s Andrew Jeffrey said after the April report that SoFi “did not flow through first-quarter revenue and EBITDA upside.” He wrote, “The Street will hate these results, in our view, but we see limited downside.” Reuters
Affirm climbed 4.50% and Upstart added 6.44% in the latest trading. QQQ, the Nasdaq-100 ETF, rose 2.38%. SoFi’s move came during a broader bounce in growth and fintech stocks, not as a one-off. The peer read-through was mixed, though it was helpful.
But the rebound looks shaky. If rates stay up, credit losses pick up, or loan buyers pull back, SoFi might not have as much flexibility with growth or capital. Tech platform revenue dropped 27% year over year in the first quarter, hurt by a big client leaving. That’s a sign the business isn’t all pushing the same way.
Trading is light this week with the holiday slowdown. Eyes next go to the $18 level to see if buyers step in after the break. Some are watching if the recent insider buy means much or is just a marginal move on a big holding. The next earnings date looks to be late July, with calendars flagging July 28 for Q2 numbers.
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