SOFI slides 38% amid dilution, denial
Watch: April 29 earnings will be critical to assess if SOFI can sustain revenue growth and counter dilution fears with clear guidance.
Full analysis
SOFI shares plummeted over 38% in 3 months and are down 48% from a $32.73 high. Short seller Muddy Waters accused SOFI of misleading accounting; SOFI denies. Insiders bought $800K worth mostly after Qatar's $134M sale. SOFI's growth is strong with 40% revenue rise, but stock faces valuation pressure and skepticism about equity dilution.
The slide reflects market skepticism over valuation and dilution risks despite SOFI's strong revenue growth and balance sheet improvements, pressing the stock near 52-week lows with bearish sentiment offset by insider buying.
Evidence
7 older signals
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