SOFI up 8% - possibly offering block of shares

Shares of SoFi Technologies, Inc. (SOFI) are trading 8% higher at a price of $6.685 at the time of this writing. The Financials sector is having a generally bullish day, this hasn't really affected the stock's share price, as it quickly outrunning other names in the space.

- SoFi is offering a block of shares (reportedly) priced at $6.10 per share

SoFi Technologies, Inc. has been trading between a 52-week high of $24.65 and a 52-week low of $4.82. The stock has a market cap of $6.17 Billion.

SoFi Technologies, Inc. operates as a financial technology company. The Company offers financial services platform for borrowing, saving, spending, and investing.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

_Right_Tackle_ - 12 upvotes - source
**Some of you need to internalize this** Unbelievably, some of you are still holding 2020 - 2021 bags like PLTR, SOFI, random SPAC garbage, GME, other pump and dumps. Get rid of your bags losers, you're never even sniffing break even again. 2020 - 2021 euphoria is a once every 25-year occurrence. Last time around was 1997 - 2000. 99.9% of bubble stocks from that era aren't listed anymore. Sell your worthless trash, take your 85% loss, throw it in SPY, and never "trade" again.

BBFA369 - 8 upvotes - source
I really hope he doesn’t. The number of dumfucks on this site itself that are crying about “you just want us to pay because you did” is so annoying No I want you to pay because you signed the paper and I have SOFI shares

SeanSeanSean94 - 8 upvotes - source
Sofi gonna moon on student loan announcement

AxFUNNYxKITTY - 7 upvotes - source
Sofi iS gOnNa mOoN ToMORroW!! I’m a dumbass who thinks writing off debt is the same as paying for it!!!

OSRSkarma - 5 upvotes - source
Well Sofi baked in it ending in January, so this is base case. They assumed it was gonna go til end of year

RamboWarFace - 5 upvotes - source
By cancelling 10k does it mean the government pays the loans? Basically does Sofi get paid?

TopBuyer777 - 5 upvotes - source
Get your memes ready for open SOFI CLOV TLRY all gapping

Middle_Ingenuity_627 - 5 upvotes - source
Why is Sofi up AH. Did someone here loaded on puts?

Zachjsrf - 5 upvotes - source
Big ass options activity on SOFI today like over $500k in calls from $6 to $6.5 strikes for this week and next weeks exp....

OSRSkarma - 5 upvotes - source
Sofi is catching a bid this morning