NEW YORK, June 18, 2026, 18:04 (EDT)
- SoFi finished the session 2.8% higher at $17.91, but eased to $17.86 in late trading.
- CEO Anthony Noto picked up 13,888 shares on June 16, according to an SEC Form 4.
- U.S. markets are shut on Friday for Juneteenth, so Nasdaq trading resumes Monday.
SoFi Technologies shares climbed Thursday as the stock moved with other growth and fintech names. Traders also pointed to CEO Anthony Noto’s recent open-market buy.
The stock closed at $17.91, rising 2.8% for the day. After hours, it slipped to $17.86, according to Google Finance. Trading volume hit 80.6 million shares, running above average. Shares are still well below the 52-week high of $32.73.
Why now? SoFi heads for a three-day pause while investors weigh insider buying and solid Q1 growth against concerns over rates, credit risk and valuation. Nasdaq said U.S. markets close on June 19 for Juneteenth. The usual hours are 9:30 a.m. to 4 p.m. Eastern.
Stocks got a boost from the market. The Nasdaq Composite surged 1.91% Thursday, the S&P 500 climbed 1.08%, and the Dow edged up 0.14%, according to Reuters, as chip stocks bounced and oil-driven inflation fears faded after a U.S.-Iran interim deal. “All together, the package of data is still supportive,” Tony Welch, chief investment officer at SignatureFD, told Reuters. Reuters
SoFi shares caught a boost from a regulatory filing. CEO Anthony Noto picked up 13,888 shares on June 16 at an average price of $18.0578, his direct holdings now at 11,960,507 shares, the Form 4 filing showed. Insiders file Form 4 with the SEC to show stock trades.
Fintech names moved higher as Robinhood picked up 2.8%, Affirm climbed 4.5%, and Upstart jumped 6.4%, market data showed. Traders looked ready to take on consumer-finance and digital-lending stocks ahead of the holiday.
SoFi is still showing strong growth on the operating side. First-quarter GAAP net revenue came in at $1.10 billion. Net income was $166.7 million. The company said it has 14.7 million members. Loan originations hit a record $12.2 billion, representing the total value of loans SoFi made or arranged. “Excellent Q1,” CEO Noto said in the release. SEC
SoFi’s stock might be pricing in a smoother path than management wants to commit to. After the first-quarter numbers, SoFi kept its 2026 revenue outlook where it was. William Blair’s Andrew Jeffrey noted that management didn’t push the quarter’s beat into new guidance. CEO Noto told Reuters at the time, “the health of our consumer base remains strong,” but that stays the big variable if delinquencies or unemployment move. Reuters
SoFi’s story isn’t all about an executive’s recent stock buy. The core question is whether the company keeps drawing new members, manages credit losses, and keeps loan funding profitable if the Fed doesn’t let up. Net interest income—what SoFi earns on loan spreads—was up 39% in Q1. But that growth can be squeezed if funding costs or loan losses start rising.
Thursday’s session ended with a higher close, some buying from the CEO, and moves in the same direction from peers. Bulls got a small win, but the real test comes after the Juneteenth break. With the holiday over and normal trading back, investors will see if SoFi’s bounce holds up.
