SoFi Technologies Inc SOFI shares are trading higher by 7.45% to $4.76 Wednesday afternoon after the company’s CEO reported the purchase of 1,134,065 shares at an average price of $4.42 per share in a Form 4 filing.
SoFi shares are otherwise lower by 18.77% over the trailing month. Shares saw weakness in November after a group of senators last month called on regulators to review the company’s crypto activities.
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Shares of several companies in the broader financials sector, including SoFi, are trading sharply lower in sympathy with the overall market in 2022 as stocks continue to sell off amid Fed policy tightening.
According to data from Benzinga Pro, SoFi has a 52-week high of $16.49 and a 52-week low of $4.24.