SoFi Stock Jumps After The Close: Here’s Why

by | Mar 2, 2026 | General

SoFi Technologies Inc (NASDAQ:SOFI) shares are rising in extended trading on Monday after CEO Anthony Noto bought approximately $1 million of company stock.

SoFi CEO Buys Company Stock

Noto disclosed in an SEC filing that he bought 56,000 shares of SoFi common stock at an average price of $17.88 on Monday. The SoFi chief made multiple purchases ranging from $17.50 to $18.21 for a total cost of approximately $1 million.

Noto now owns approximately 11.68 million shares of SoFi common stock, according to the filing.

How To Buy SOFI Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in SoFi’s case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

SOFI Could See Positive Short-Term Momentum

SoFi stock has shown a notable performance over the past year, with a 35.52% increase. However, the stock is currently trading 6% below its 20-day SMA of $20.01 and 27.9% below its 100-day SMA of $26.09. This indicates some recent underperformance relative to these moving averages.

Additionally, the stock is positioned significantly below its 52-week high of $32.73, yet well above its low of $8.60, suggesting a mid-range positioning in its yearly cycle.

The technical indicators are telling. The RSI is currently at 28.34, indicating that the stock is oversold, which could suggest a potential rebound. Meanwhile, the MACD shows a bullish signal, as it is above the signal line, which could indicate upcoming positive momentum.

SOFI Price Action: SoFi shares were up 2.06% in after-hours Monday, trading at $18.77 at the time of publication, according to Benzinga Pro.

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