SoFi CEO, Anthony Noto's Insider Trading Impact on SOFI Stock Market

Friday, 24 May 2024, 09:45
Discover the notable insider trading activity of SoFi Technologies' CEO, Anthony Noto, as he consistently acquires large volumes of SOFI stock, signaling a positive deviation amidst the general trend where CEOs are selling. Noto's strategic purchasing over the years, including a significant $200,000 acquisition, reflects a unique market timing skill that investors are observing carefully.
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SoFi CEO, Anthony Noto's Insider Trading Impact on SOFI Stock Market

SoFi CEO, Anthony Noto's Insider Trading Impact on SOFI Stock

Usually, when the mention of insider trading comes up, trades think of sales worth millions, but this is not the case with SoFi Technologies (NASDAQ: SOFI) and its CEO, Anthony Noto, who has consistently bought large amounts of SOFI stock.

Noto is a Stark Believer in SOFI Stock

In his latest filing on May 23, Noto disclosed the purchase of an additional $200,000 worth of SOFI shares at an average price of $6.91 for the total of 8,062,269 shares owned, worth approximately $55 million.

SOFI Stock on a Rough Ride in 2024

As of the latest close on May 23, SOFI stock is trading for $6.83, after a drawback of 2.71% experienced in the latest session, with losses of 4.34% extending into the past five trading days. On a larger scale, since 2024, SOFI shares have lost 29.22% of their value.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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