NEW YORK, Feb 13, 2026, 07:38 EST — Premarket trading saw movement early
- Shares of SoFi Technologies dropped 1.2%, trading at $19.06 before the bell.
- The fintech’s Hong Kong division is stepping into digital-asset trading, joining forces with OSL Group to make it happen.
- Traders are bracing for U.S. inflation data, poised to adjust their rate-cut bets as soon as the numbers hit.
Shares of SoFi Technologies (SOFI.O) slipped 1.2% in premarket action Friday, trading at $19.06 after finishing Thursday at $19.30.
U.S. stock index futures showed little movement early Friday after a sharp decline, with investors eyeing Consumer Price Index data for signals on inflation and possible rate shifts, Reuters reported.
Economists expect January’s CPI to rise 0.3% from December, with annual inflation slowing to 2.5%. “Firms tend to raise prices at the beginning of the year, after the holiday season,” said Morgan Stanley’s Diego Anzoategui. Reuters
SoFi closed down 6.1% at $19.30 on Thursday after touching $19.04 at the session low. Trading was brisk—62.9 million shares moved, according to stockanalysis.com.
Wall Street tracked lower in a risk-off session. Tech dragged the Nasdaq down more than 2%, as traders looked ahead to Friday’s inflation numbers.
SoFi Securities (Hong Kong) Limited is partnering with OSL Group (863.HK) to roll out digital-asset trading for Hong Kong investors, marking the firm’s first move to take its digital-asset platform international. “We are excited to offer an all-in-one experience,” Annie Lok, vice president and head of SoFi Hong Kong, said in a statement. PR Newswire
Other high-beta fintech names also stumbled early on. Upstart Holdings sank about 9%. LendingClub shares shed 9% as well, while Robinhood Markets was down nearly 9%, according to market data.
SoFi operates a consumer lending and digital finance business, and also licenses its technology to other financial firms. That mix often leaves its shares sensitive to shifts in rate expectations and quick changes in risk appetite.
This setup cuts both ways. If inflation comes in hotter, investors might push back expectations for rate cuts, putting pressure on high-growth financial stocks. A faster cooling in inflation could send those same names surging, but just as quickly, they might drop again.
SoFi posted its latest quarterly results on Jan. 30, logging a profit boost as loan demand picked up and its fee-driven business lines delivered better numbers, Reuters reported.
Focus shifts squarely to the CPI print at 8:30 a.m. Eastern, with traders watching closely for anything that might shake up rate futures or light a fire under those rate-sensitive names at the open.
