markets

Hyunsoo Rim12/5/25

SoFi Technologies slides on $1.5 billion share sale announcement at $27.50 a share

SoFi Technologies is down more than 7% in early trading on Friday after the company revealed plans to raise $1.5 billion through a public stock offering, with shares to be priced at $27.50 each — a discount of roughly 7% from Thursday’s closing price of $29.60.

The offering includes a 30-day option for the underwriters to purchase up to 8,181,818 more shares, equivalent to an additional 15% of the nominal offering, which is expected to close December 8.

Proceeds from the offering will go toward “general corporate purposes,” SoFi said, including “enhancing capital position, increasing optionality and enabling further efficiency of capital management, and funding incremental growth and business opportunities.”

The sale comes as SoFi’s stock has been on a tear this year — nearly doubling (up 97%) in 2025 before this morning’s slump. The company also posted better-than-expected Q3 sales and profits back in October, driven by growth outside its original lending business, including trading, wealth management, mortgages, and credit cards.

CEO Anthony Noto has repeatedly emphasized SoFi’s push beyond lending. In November, the company launched a priority waitlist for SoFi Crypto, enabling users to trade dozens of cryptocurrencies, including bitcoin, ethereum, and solana.

The stock is hovering around the offering price of $27.50 on Friday.

More Markets

See all Markets

Tasha Matsumoto

Stocks slip as peace prospects dim

Stocks swung from positive to negative as Vice President Vance's trip to Pakistan for Iran peace talks was canceled.

Grizzly bear growling USA.

markets

Hedge funds are following retail traders into the Magnificent 7

Hedge funds are following retail traders into the stocks the masses never stopped buying.

“As we kick off earnings for megacap tech stocks, this stood out: [hedge funds] have started buying Mag7 stocks again this month though positioning remains well below the peak levels seen in early 2016,” writes Goldman Sachs’ Cullen Morgan.

Goldman PB Mag 7 — Source: Goldman Sachs

In early April, JPMorgan strategist Arun Jain noted that retail investors had basically been selling everything but the Magnificent 7 stocks as part of a more cautious stance due to the Iran war.

(Apple has been a longstanding exception to this trend, presumably because retail traders aren't fond of its hands-off approach to AI.)

JPM Retail flows

Last August, Jain discussed how retail activity tended to “crowd in” institutional buyers in meme stocks, while Goldman’s John Marshall advised clients to piggyback on stocks beloved by retail traders. Speculative, retail-geared assets proceeded to go on a tremendous run that soured in October.

But there are some early indications that a similar bout of speculative fervor is bubbling up once more.

markets

POET Technologies surges above $10 for first time in 4 years amid explosion in call volumes

POET Technologies is up nearly 40% this week as options market activity goes haywire in a faint echo of what got the stock on retail traders’ radars in October.

As of 11:12 a.m. ET, more than 10 calls have changed hands for every put traded. This bullish impulse has propelled the stock above the $10 threshold for the first time since March 2022.

Shares of the optical communications firm briefly dipped last week after Wolfpack Research said it was short the company because its investors would be exposed to an “IRS tax nightmare.”

The company responded that day saying it was taking measures for US shareholders that “should mitigate certain potential adverse US federal income tax consequences to it that could otherwise result from the Company’s status as a passive foreign investment company.”

The parabolic surge in Avis reached new heights, with shares halted for volatility

More motivated buyers than motivated sellers.

Travelers at Sacramento International Airport (SMF)

markets

Matt Phillips6h

GE Aerospace falls after leaving earnings guidance unchanged

Jet engine maker GE Aerospace slid in early trading Tuesday, as its better-than-expected Q1 results were overshadowed by uninspiring guidance.

It reported:

Q1 adjusted revenue of $11.61 billion vs. the $10.71 billion consensus expectation.
Adjusted earnings per share of $1.86 vs. the $1.60 consensus estimate.

But management left full-year 2026 adjusted EPS guidance where it was at between $7.10 and $7.40, compared to a consensus expectation of $7.49 from analysts.

“We’re holding our full-year guidance across the board, given the macro uncertainty, though, with our strong start to the year, we are trending toward the high end of that range,” CEO Larry Culp said on the conference call.

GE Aerospace hit an air pocket in March as the start of the US war against Iran sent energy prices soaring and hurt expectations for the profitability of commercial carriers. A rally in April had pushed the stock close to positive territory for the year, but it’s solidly in the red after the results today.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Derivatives, LLC, or Robinhood Money, LLC. Futures and event contracts are offered through Robinhood Derivatives, LLC.

©2026 Sherwood Media, LLC