New York, Feb 6, 2026, 15:24 ET — Regular session
- SoFi clawed back about 6% in afternoon trading, snapping a two-day slide for the stock.
- An executive disclosed a stock purchase. Nearby, a director filed paperwork indicating a potential sale.
- Traders are eyeing next week’s postponed U.S. jobs and inflation reports, looking for any new hints on rates.
SoFi Technologies, Inc. shares jumped about 6% Friday, bouncing back from a two-day slide. The fintech lender was up $1.21 at $20.67 in afternoon trading. The Invesco QQQ ETF, tracking the Nasdaq 100, added nearly 2%.
SOFI managed to recover a bit after dropping 6.2% on Thursday and sliding 4.6% Wednesday. Trading was busy both days, with more than 85 million shares changing hands daily, according to Investing.com.
The real issue isn’t any one headline. It’s a flood of pressures pushing in on the stock. SoFi’s deep in lending—meaning shifts in rate outlooks hit its price without much warning. Now, with next week’s jobs and inflation numbers delayed, rate bets could swing again.
Eric Schuppenhauer, executive vice president, bought 5,000 SoFi shares at $19.93 apiece on Feb. 5, a regulatory filing shows. Schuppenhauer now holds around 228,768 shares in total, per the SEC’s Form 4 insider disclosure.
Disclosures cut both ways. On Friday, Director Steven J. Freiberg filed a Form 144, laying out plans to potentially offload up to 94,225 shares—a stake valued around $1.9 million. The filing, required under SEC Rule 144, indicates intent but doesn’t lock in a sale.
SoFi’s move came as fintechs saw choppy trading. LendingClub jumped close to 7%, while Upstart rallied nearly 10%. Affirm, the buy-now-pay-later player, slid about 6%, according to exchange data.
SoFi shares are still under pressure after the company’s latest quarterly report. In late January, SoFi reported a 37% surge in adjusted revenue for the fourth quarter, setting a new high at $1 billion. Adjusted earnings soared to 13 cents per share—more than twice last year’s number. The company saw financial services revenue climb 78% to $456.7 million, fueled by strong loan demand and a sharp rise in fee-based activity, Reuters reported. CEO Anthony Noto cautioned, “People will still need credit and it would leave a massive gap in the market,” if proposed caps start to impact credit card lending. Reuters
Rates remain in the driver’s seat. San Francisco Fed President Mary Daly on Friday called the outlook “precarious,” adding she still views monetary policy as weighing on the economy. That kept traders focused on every new data point and what it could mean for rates. Reuters
SoFi shareholders have seen this story before: loan growth, cost of funds, and how well credit holds up with borrowers still facing sticky rates. Fee-based revenue is back in the spotlight, too. Management keeps pitching that angle—arguing it offers some cushion if rates climb once more.
Even with Friday’s rebound, risks remain front and center. Insider buying offers some support, but planned insider sales could pressure the stock. Should next week’s data come in hotter than expected and push yields up, rate-sensitive fintechs might feel more pain.
Macro numbers on deck: The Labor Department releases its January Employment Situation this Wednesday, Feb. 11, at 8:30 a.m. ET. January’s Consumer Price Index follows on Friday, Feb. 13, also at 8:30, according to the BLS release calendar.
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