SoFi Technologies (SOFI) shares surged 3.4% on Tuesday, finishing the session at $17.71 after peaking at $18.08.
Trading Volume and Price Benchmarks
Approximately 104.9 million shares exchanged hands, a 59 % jump over the typical 65.9 million daily average. The price now sits below the 200‑day moving average of $20.74 but remains above the 50‑day average of $16.83. Investors continue to monitor these technical levels as the stock trails more than 32 % year‑to‑date.
CEO Anthony Noto’s Insider Purchases
CEO Anthony Noto acquired 13,888 SOFI shares for roughly $251,000, marking his fifth insider transaction this year. His direct stake has risen to about 11.96 million shares following earlier buys of $498,500 in May and $1 million in March. Noto’s pattern of buying on price dips signals