SoFi Technologies, Inc. (NASDAQ: SOFI) ended Wednesday’s regular session lower, closing at $25.27 (down 4.93%). In after-hours trading, shares were slightly higher at about $25.32 (+0.20%) as of 6:53 p.m. ET—a modest bounce that suggests investors are digesting the day’s selloff rather than reacting to a single blockbuster headline. [1]
Below is what mattered after the bell on Dec. 17, 2025, what’s hitting the tape tonight, and the specific catalysts that could move SOFI stock before (and right after) the market opens on Thursday, Dec. 18, 2025.
SOFI stock: what happened in Wednesday’s regular session
Even with a relatively quiet after-hours tape, the regular-session drop was real and broad-based:
- Close: $25.27 (−4.93%) [2]
- Day’s range: $25.17 to $26.89
- Volume: ~50.4 million shares
- Market cap: about $33.4 billion
So what drove the decline?
There wasn’t a fresh, company-issued earnings report or product launch on Wednesday. Instead, the move looks consistent with a mix of:
- Post-capital-raise digestion (and lingering dilution sensitivity)
- Rate/inflation positioning ahead of Thursday morning’s major U.S. data
- High-beta behavior—SOFI has become a momentum-heavy name in 2025, and those can swing hard on “risk-on/risk-off” days
The dilution angle matters because SoFi’s surprise $1.5 billion common stock offering earlier this month reset near-term sentiment for many investors and analysts, even as the broader 2025 story remains one of rapid growth and improving profitability. [3]
After-hours headline risk: insider filings hit the tape
One of the most notable clusters of “news” after the bell was a set of insider filings (Forms 4 and a Form 144) tied to SoFi executives.
1) CEO Anthony Noto: Form 4 shows option exercise + shares withheld for taxes
A Reuters/Refinitiv summary shows CEO Anthony Noto filed a Form 4 on Dec. 17, 2025, reflecting an exercise of shares at $0.00 and a surrender/withholding of shares at a price used for tax and/or exercise costs (shown around $27.28), ending with ~11.6 million shares held directly. [4]
How to read it: this is typically compensation mechanics, not an open-market “buy the dip.” It can still matter for optics and share count dynamics, but it’s not the same signal as an executive buying shares with cash in the open market.
2) CFO Christopher Lapointe: similar pattern (exercise + surrender/withholding)
CFO Christopher Lapointe also filed a Form 4 on Dec. 17, showing an exercise at $0.00 and a surrender (again flagged as covering exercise cost and/or taxes), with ending direct holdings of ~1.70 million shares. [5]
3) Additional executive Form 4s: Keough, Simcock, Pinto
More Form 4 summaries followed the same template: option exercises and share surrenders tied to taxes/costs, with updated ending holdings. [6]
4) A separate flag: Form 144 proposing a sale under a 10b5-1 plan
More sensitive for near-term trading: a Reuters/Refinitiv summary reports Officer Jeremy Rishel filed a Form 144 on Dec. 17, 2025, proposing to sell 91,837 shares, executed under a prearranged 10b5-1 plan. [7]
Why this matters for Thursday:
- A Form 144 is permission/notice, not confirmation that the sale already happened.
- But it can still add psychological overhead for momentum traders—especially after a down session—because it reminds the market that insider selling programs may be active.
The SOFI forecast picture: what analysts are signaling right now
If you’re heading into Thursday’s open, the most practical “forecast” data points are where the Street sits on targets, ratings, and forward earnings expectations.
Current Street consensus (snapshot)
A widely followed aggregate shows:
- Consensus rating: Hold
- Average price target:$24.70 (about −2.3% from Wednesday’s close)
- Target range:$12 low to $37 high (wide spread = high uncertainty) [8]
Forward expectations investors are trading around
The same dataset indicates:
- EPS (FY2025): ~$0.37
- EPS (FY2026): ~$0.61
- Revenue (FY2025): ~$3.62B
- Revenue (FY2026): ~$4.61B [9]
Those numbers align with SoFi’s broader late-2025 narrative: strong top-line growth and improving profitability, but still enough debate over valuation and execution that many firms remain neutral.
For context, Reuters reported in October that SoFi raised its 2025 adjusted EPS forecast (to about $0.37) versus an earlier view (about $0.31), following a record quarter—one reason the stock rallied so aggressively through much of 2025 before the December dilution shock. [10]
The big thing to know before Thursday’s market open: CPI at 8:30 a.m. ET
If you only watch one catalyst before the bell on Dec. 18, it’s this:
The U.S. Consumer Price Index (CPI) for November 2025 is scheduled for 8:30 a.m. Eastern Time on Thursday, according to the Bureau of Labor Statistics. [11]
A critical wrinkle this time: shutdown-related data gaps
BLS also notes that due to the 2025 lapse in appropriations, the November CPI release and database update will have limitations—specifically, it will not include 1‑month percent changes for November 2025 where October 2025 data are missing. [12]
Why SOFI traders should care:
SoFi is a rate-sensitive fintech lender/bank hybrid. A CPI surprise can move:
- Treasury yields
- Fed rate expectations
- High-beta growth/fintech multiples
That can translate into outsized moves in names like SOFI—sometimes within minutes of the 8:30 a.m. print.
Also at 8:30 a.m.: jobless claims (and more labor signals)
Weekly initial jobless claims are also due Thursday; the Federal Reserve Bank of St. Louis (FRED) lists the next release date as Dec. 18, 2025. [13]
Labor-market data matters for SoFi because it influences:
- consumer credit performance expectations
- loan demand assumptions
- recession/soft-landing narratives (which can swing fintech sentiment)
Broader market tone tonight: Micron’s after-hours surge could shift risk appetite
While not a SoFi-specific catalyst, the “mood music” into Thursday matters—especially for high-beta stocks.
After the close, Micron issued a sharply stronger outlook tied to AI-driven memory demand, and shares rose in after-hours trading. [14]
If index futures respond positively overnight, that can create a friendlier tape for fintech momentum names into Thursday—though CPI will still be the main event.
What to watch in SOFI before the bell: a practical checklist
Here’s a trader/investor checklist tailored to SoFi stock for Thursday morning:
1) Track SOFI’s after-hours baseline
After-hours was slightly positive around $25.32 (as of 6:53 p.m. ET). That’s your “starting line” for the premarket narrative. [15]
2) Know the most immediate price levels the market just defined
From Wednesday’s session:
- Intraday low: $25.17
- Intraday high: $26.89
In plain English: if SOFI breaks below Wednesday’s low premarket (or shortly after the open), the market is signaling the selloff is continuing. If it reclaims and holds above the mid‑$26s, it’s more consistent with a “reset and stabilize” day.
3) Reframe the insider filings correctly (to avoid bad takes)
- Form 4 option exercises + tax withholding are common and not automatically bullish/bearish. [16]
- Form 144 under a 10b5‑1 plan can create near-term caution—more about supply/overhang perception than fundamentals. [17]
4) Keep the December share-sale overhang in your mental model
SoFi’s $1.5B equity raise earlier in December is still the dominant “recent corporate action” context for how investors frame valuation and dilution risk. [18]
The bottom line for SOFI stock heading into Thursday (Dec. 18)
SoFi is entering Thursday with three forces in play:
- A sharp one-day drop that could trigger either dip-buying or follow-through selling
- Insider paperwork headlines that need careful interpretation (mostly compensation mechanics, plus one proposed sale notice)
- A macro landmine at 8:30 a.m. ET (CPI) that can overwhelm stock-specific narratives—especially for high-beta names
If you’re looking for the “one sentence” setup: SOFI stabilized after-hours, but Thursday morning’s CPI print is the real catalyst that can decide whether Wednesday’s selloff becomes a trend—or a one-day shakeout. [19]
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.marketwatch.com, 4. www.tradingview.com, 5. www.tradingview.com, 6. www.tradingview.com, 7. www.tradingview.com, 8. stockanalysis.com, 9. stockanalysis.com, 10. www.reuters.com, 11. www.bls.gov, 12. www.bls.gov, 13. fred.stlouisfed.org, 14. www.reuters.com, 15. stockanalysis.com, 16. www.tradingview.com, 17. www.tradingview.com, 18. www.investopedia.com, 19. stockanalysis.com
