SoFi Technologies stock is brushing off a quarterly win
Earnings season can be overwhelming for investors trying to stay on top of the day-to-day news flurry. For the next few weeks, we are going to highlight a few notable post-earnings reactions each day. Today’s movers include AT&T Inc (NYSE:T) and SoFi Technologies Inc (NASDAQ:SOFI).
T Looks to Extend Win Streak
AT&T beat fourth-quarter earnings and revenue expectations due to strong Fiber net adds and postpaid phone subscribers. The telecommunications giant also reiterated its 2025 earnings forecast. T is 6.3% higher to trade at $24.14 at last check, on track for a third-straight pop and best day since October 2023. Over the last nine months, the shares added 40%.
Options traders are blasting the equity today, with 79,000 calls and 24,000 puts traded so far, which is 4 times the intraday average volume. The most active contract is the weekly 2/14 25-strike call, where new positions are being opened.
Options Bulls Blast SOFI Despite Dismal Outlook
SOFI was last seen down 7.7% to trade at $16.55, chipping away at its 116% year-over-year lead as they pull back from their Jan. 24, three-year high of $18.42. The company beat earnings and revenue estimates for the fourth quarter, but issued a disappointing earnings forecast for 2025. The stock is now headed for its worst daily drop since April.
Drilling down to today's options activity, 261,000 calls and 117,000 puts have crossed the tape already, which is triple the volume typically seen at this point. The weekly 1/31 18-strike call is the most popular contract, followed by the 16.50-strike call in that series, with new positions being sold to open at both.