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SoFi CEO Noto makes ‘opportunistic’ million-dollar stock purchase as SVB crisis fuels selloff

Por: MarketWatch Business March 11, 2023

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Shares of SoFi, the neobanking company best known for its lending products, closed Thursday at $6.09. They hit an intraday low of $5.21 in Friday’s session before finishing the trading day at $5.58, down 8.4%. Context: The purchase showed “an opportunistic tack” on the part of Noto, as he was “buying into weakness as SOFI shares fell alongside other financials due to the problems at SVB,” according to VerityData research director Ben... + full article



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