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Benzinga
Benzinga
Business
Henry Khederian

LoanDepot (LDI) Stock Is Surging Friday: What's Driving The Action?

loanDepot Benzinga Edge
Young,Asian,Teen,Woman,Holding,Piggy,Bank,And,Calculator,Isolated

LoanDepot Inc (NYSE:LDI) shares are surging Friday morning on a combination of a bullish call and a favorable macroeconomic report. Here’s what investors need to know.

What To Know: The primary catalyst was a newly issued assessment from Citron Research, which argued the mortgage lender is severely undervalued.

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