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Benzinga
Benzinga
Business
Akanksha Bakshi

Rocket, Mr. Cooper Stocks Rally After Merger Approval, Rate Cut Hopes Lift Market Mood

Rocket Cooper Coop RKT Rocket Companies Nasdaq Rocket Companies Inc
Mr.Cooper, Rocket

Mr. Cooper Group Inc. (NASDAQ:COOP) said Friday its stockholders approved the company's $9.4 billion all-stock merger with Rocket Companies Inc. (NYSE:RKT), sending both stocks higher. Rocket shares also gained after softer-than-expected U.S. jobs data drove yields lower and lifted hopes for a rate cut.

RKT shares are powering higher on strong volume. See if it is worth your attention here.

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