New York, Feb 6, 2026, 15:24 ET — Regular session
- SoFi shares bounced roughly 6% higher in afternoon action, breaking a two-day losing streak
- An executive reported buying shares, while a director submitted a notice signaling a possible sale.
- Next week’s delayed U.S. jobs and inflation data are on traders’ radars, with markets searching for fresh rate clues.
Shares of SoFi Technologies, Inc. climbed roughly 6% Friday, rebounding after a two-day slump. The fintech lender traded up $1.21 to $20.67 in the afternoon. The Invesco QQQ ETF, which tracks the Nasdaq 100, advanced close to 2%.
SOFI clawed back some ground after tumbling 6.2% Thursday and 4.6% on Wednesday. Volumes were heavy both sessions—over 85 million shares traded each day, Investing.com data show. 1
The real story isn’t a single headline—it’s the growing stack of factors crowding in on the stock. SoFi runs a hefty lending operation, so tweaks in interest-rate forecasts can jolt its valuation quickly. Next week’s postponed U.S. jobs and inflation data could easily shuffle those expectations again. 2
Executive vice president Eric Schuppenhauer snapped up 5,000 SoFi shares on Feb. 5, paying $19.93 each, according to a regulatory filing. The SEC’s Form 4, which insiders use to declare trades, shows this latest purchase brought Schuppenhauer’s total holdings to approximately 228,768 shares. 3
But the disclosures weren’t all in one direction. Director Steven J. Freiberg lodged a Form 144 notice on Friday, signaling he might sell as many as 94,225 shares—roughly $1.9 million in total market value. This filing, tied to SEC Rule 144, signals the intent but doesn’t guarantee an actual sale. 4
SoFi’s action played out alongside a wider shake-up in fintech stocks. LendingClub tacked on around 7%. Upstart pushed ahead roughly 10%. But shares of buy-now-pay-later outfit Affirm lost about 6%, exchange data showed.
SoFi shares remain weighed down by the company’s most recent quarterly numbers. Back in late January, SoFi posted a 37% jump in fourth-quarter adjusted revenue, hitting a record $1 billion. Adjusted profit, meanwhile, shot up to 13 cents a share—more than double the year-ago figure. Loan demand and a big spike in fee-based business powered the gains, pushing financial services revenue up 78% to $456.7 million, according to Reuters. CEO Anthony Noto warned, “People will still need credit and it would leave a massive gap in the market,” if new caps end up hitting credit card lending. 5
Rates are still calling the shots. On Friday, San Francisco Fed President Mary Daly described the outlook as “precarious,” and signaled she still sees monetary policy tamping down the economy. Her comments kept traders zeroed in on fresh data and its implications for rate moves. 6
SoFi shareholders know the drill—loan growth, funding costs, and the durability of credit as borrowers adapt to stubbornly high rates. There’s also plenty of attention on the shift toward fee-based revenue, a line the company’s management argues can soften the blow if rates jump again.
Still, Friday’s bounce doesn’t erase the risks. Insider buying helps, sure, but scheduled insider sales may weigh on the stock, and if next week’s data surprises to the upside, driving yields higher, fintech names sensitive to rates could easily take another hit.
Macro data is up next. The Labor Department drops its January Employment Situation report Wednesday, Feb. 11, at 8:30 a.m. ET. Then comes January’s Consumer Price Index, slated for Friday, Feb. 13, same time, both per the BLS release calendar. 7
