1 Million Reasons to Buy SoFi Stock Like There's No Tomorrow
Source: Motley Fool
2026-03-08 22:49:00 ET
In early March, SoFi Technologies (NASDAQ: SOFI) CEO Anthony Noto purchased 56,000 shares of the company at an average price of $17.88 -- equating to slightly more than $1 million in open market purchases.
Since SoFi stock has plummeted 28% so far this year and is trading 35% below its prior highs in November, the timing of Noto's buy might appear interesting. In reality, smart investors knew it was coming (more on that later).
Let's take a look at why Noto's recent purchase underscores consistent personal conviction in SoFi's long-term trajectory, and assess whether investors should double down right now amid unrelenting market volatility.
SoFi Technologies Inc.
NASDAQ: SOFI
SOFI Trading
-1.43% G/L:
$18.2202 Last:
31,077,923 Volume:
$18.39 Open:
SOFI Latest News
SOFI Stock Data
$26,655,466,858
1,226,378,116
0.05%
491
N/A
Credit Finance
Finance
US
San Francisco
