New York, Feb 5, 2026, 20:51 EST — Market closed
- Shares of SoFi Technologies fell roughly 6%, with heavy volume, following a risk-off session in the U.S.
- A SoFi executive revealed a new stock purchase amid the share price decline
- Traders are focusing on rates and next week’s postponed U.S. jobs report for hints on consumer-credit stocks
Shares of SoFi Technologies Inc fell 6.2% to $19.46, despite a company executive snapping up stock amid the decline, according to a regulatory filing. (SEC)
The move is significant as SoFi attempts to maintain its gains following a strong earnings report last week, yet the stock has slipped amid investor uncertainty over valuing growth in consumer fintech. SoFi exceeded quarterly profit forecasts and hit record loan originations, increasingly relying on fee-based services to reduce dependence on lending alone. (Reuters)
Thursday’s slide coincided with a wider retreat in U.S. stocks, as investors shied away from risk amid tech sell-offs and renewed macroeconomic concerns rattling sentiment. (Reuters)
Eric Schuppenhauer, executive vice president, disclosed purchasing 5,000 shares at $19.93 apiece in a recent filing. Form 4 submissions, which reveal insider transactions from officers and directors, made the trade public. (SEC)
SoFi’s shares fluctuated from $18.50 up to $20.69 in the session, with about 87.5 million shares changing hands—far exceeding its usual daily volume.
The company’s late-January results revealed its financial services segment outpacing growth in lending, with executives maintaining that member credit quality remains solid. But that claim is under pressure as investors digest policy and rate uncertainties—like the White House’s proposed 10% cap on credit card interest rates, which banks warn could squeeze credit availability. (Reuters)
Other consumer-fintech stocks closed lower, highlighting the group’s volatile session. Affirm dropped 4.3%, Upstart tumbled 8.6%, LendingClub slipped 2.2%, and PayPal fell 2.8%.
Insider buying won’t act as a safety net. Should U.S. growth falter or credit losses rise, lenders linked to unsecured loans could quickly adjust prices. Investors will likely demand stronger evidence that SoFi’s growth remains profitable without easing underwriting standards.
Looking toward Friday and next week, traders will be tracking if SoFi holds above Thursday’s intraday low and whether interest rates remain steady. Focus then moves to U.S. labor data, which could shake up rate expectations: the January jobs report has been delayed to Feb. 11 due to the government shutdown throwing off the release timeline. (MarketWatch)
