Insider Buys and Sells – SoFi edition – 247marketnews.com

May 20, 2022

(24/7 Market News) Especially in a down market, investors tend to look for leadership and, for many, insider buying and selling provides an unfiltered glimpse at the insiders’ actual outlook, but, since many insider sales are part of a Rule 10b5-1 automated sales program, investors must perform further due diligence to determine whether or not those sales indicate unusual activity. With that in mind we’ll take a look at some of this week’s SEC Form 4: Statement of Changes in Beneficial Ownership filings.

SoFi Technologies (NASDAQ:SOFI) is one of the very rare listings that has bucked the markets’ dismal performance over the past few sessions, trading higher in this morning’s premarket session at $8.03, $0.28 (+3.61%) higher than yesterdays close.

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