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SoFi's CEO Just Gave a Huge Buy Sign

The CEO is buying stock on the open market.

By Travis Hoium – Updated Jun 19, 2024 at 4:04AM EST

Insiders will sell stocks for a lot of reasons, but they only buy stocks because they're bullish on a company. That's why the recent purchase of stock by SoFi (SOFI +1.41%) CEO Anthony Noto is such a big deal. Travis Hoium covers why he may be buying in this video.

*Stock prices used were end-of-day prices of June 17, 2024. The video was published on June 18, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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Travis Hoium has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$15.85
(+1.41%)+$0.22

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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