Insiders will sell shares for all kinds of reasons, but they only buy shares because they are positive about a company. That is why the recent purchase of shares by SoFi (NASDAQ: SOFI) CEO Anthony Noto is such a big deal. Travis Hoium explains in this video why he buys something.
*The stock prices used were end-of-day prices as of June 17, 2024. The video was published on June 18, 2024.
Should You Invest $1,000 in SoFi Technologies Now?
Consider the following before purchasing shares in SoFi Technologies:
The Motley Fool stock advisor The analyst team has just identified what they think is the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The ten stocks that survived the cut could deliver monster returns in the coming years.
Think about when Nvidia created this list on April 15, 2005… if you had $1,000 invested at the time of our recommendation, you would have $802,591!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including portfolio building guidance, regular analyst updates, and two new stock picks per month. The Stock Advisor is on duty more than quadrupled the return of the S&P 500 since 2002*.
View the 10 stocks »
*Stock Advisor returns June 10, 2024
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 receive compensation for promoting his services. If you choose to subscribe through their link, they will earn some extra money to support their channel. Their opinions remain their own and are not influenced by The Motley Fool.
SoFi’s CEO Just Gave a Huge Buy Sign was originally published by The Motley Fool
