SoFi Shares Tick Up After CEO Purchases Stock Following Short Seller Allegations
Shares of SoFi Technologies rose about 1% in after-hours trading after CEO Anthony Noto purchased $500,000 worth of company stock following a short seller report from Muddy Waters Research that alleged accounting and lending irregularities. Muddy Waters outlined multiple claims including an alleged $312 million of unrecorded debt and a higher true …