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The Latest Breaking News from Rocket Companies Inc

Options Corner: A Shifting Real Estate Landscape Shines A Bullish Spotlight On Rocket Companies

Initially, circumstances for mortgage lending giant Rocket Companies Inc (NYSE:RKT) did not look appealing, with RKT stock making its public market debut at the peak of the post-pandemic housing euphoria. Fundamentally, that left virtually no realistic margin for sustained growth, subsequently cratering the equity. However, with positive undercurrents materializing in…

Benzinga

What's Going On With Rocket Companies (RKT) Stock Wednesday?

Shares of Rocket Companies Inc (NYSE:RKT) are rising Wednesday afternoon after the Federal Reserve announced a quarter-point cut to its benchmark interest rate, bringing it to a range of 4.00% to 4.25%. This marks the fourth consecutive rate cut, signaling a more accommodating monetary policy that could boost the housing…

Benzinga

Rocket Companies (RKT) Stock Is Trading Higher: What's Going On?

Shares of Rocket Companies Inc (NYSE:RKT) are trading higher Thursday morning as new economic data fueled investor bets on an imminent Federal Reserve interest rate cut. Additionally, Rocket earlier announced the company and the Bank of Montreal extended and expanded the existing Master Repurchase Agreement.

Benzinga

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

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.

Benzinga

Rocket, Oscar, Hims & Hers: Short Sellers Are Playing With Fire

Wall Street's most crowded shorts are starting to look like powder kegs. Rocket Companies Inc (NYSE:RKT), Oscar Health Inc (NYSE:OSCR), and Hims Hers Health Inc (NYSE:HIMS) are sitting at the top of the market's short-interest leaderboard, each with more than a quarter of their float sold short.

Benzinga

Andrew Left Doubles Down On Rocket Companies: 'This Isn't A Meme,' It's A 'Housing Juggernaut' In The Making (CORRECTED)

Editor's Note: This article has been updated to correct the individual’s name in the headline.

Benzinga

Rocket Companies (RKT) Stock Soars On Impressive Q2 Earnings Beat And Strong Guidance

Shares of Rocket Companies Inc (NYSE:RKT) are surging in Friday morning trading after the fintech giant reported second-quarter financial results that surpassed Wall Street expectations and provided a bullish outlook for the upcoming quarter.

Benzinga

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Rocket Mortgage Files Suit Against US Department Of Housing And Urban Development: 'We Will Not Stand Idly By'

Rocket Companies Inc (NYSE:RKT) has filed suit against the United States Department of Housing and Urban Development (HUD) related to regulations involving independent licensed appraisers.

Benzinga

Another Rocket Cos. shareholder lawsuit alleges insider trading, misleading statements

A new lawsuit from shareholders of mortgage giant Rocket Companies Inc. is alleging breaches of fiduciary duties and violations of federal law in 2021 by the company, chairman Dan Gilbert, outgoing CEO Jay Farner and other members of the board of directors.

Tribune News Service

'Remain Cautious On Mortgage Originators': Rocket Companies Analysts React To Mixed Q1 Earnings

Rocket Companies Inc (NYSE: RKT) shares are trading lower by 5.5% after the mortgage lender reported a sharp decline in revenue.

Benzinga

Rocket Cos. profit falls 63% year-over-year to $1 billion

Rocket Companies Inc., the Detroit-based parent company of mortgage lending giant Rocket Mortgage, on Tuesday said first-quarter profit was down roughly 63% year-over-year as the mortgage lending industry faces headwinds including rising interest rates.

Tribune News Service

Rocket Companies Q1 Earnings Takeaways: Revenue And EPS Fall, Refinances And Cash-Out Mortgages See Strength

Rocket Companies Inc (NYSE: RKT) reported first-quarter financial results after market close Tuesday. Here are the key highlights.

Benzinga

Viewing Rocket Companies 25% Drop

Rocket Companies, Inc. | (NYSE: RKT)

Benzinga

Analyzing Rocket Companies Inc. Class A Common Stock's Short Interest

Rocket Companies Inc. Class A Common Stock's (NYSE:RKT) short percent of float has risen 27.24% since its last report. The company recently reported that it has 24.58 million shares sold short, which is 21.86% of all regular shares that are available for trading.

Benzinga

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Rising Mortgage Rates May Impact Lenders Less Than You Think: Rocket Companies CEO Talks Market Strength

The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE: RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.

Benzinga

Michael Grimm Purchases $5.66 Million Worth Of Energy Transfer & Other Notable Insider Buys

Natural gas prices were range bound for the better part of the last decade, oscillating between $2 and $4 per million British thermal units (MMBtu) with the occasional spike outside that tight range.

StockNews.com

3 Stocks to Avoid as Mortgage Rates Jump Faster Than Expected

The faster than expected rise in mortgage rates could hamper the housing market’s sales this summer. Hence, we think fundamentally weak mortgage stocks Rocket Companies (RKT), UWM Holdings (UWMC), and loanDepot (LDI) could be best avoided.

Benzinga

Why Rocket Companies Shares Inched Higher After-Hours Today

Rocket Companies Inc (NYSE: RKT) CEO Jay Farner purchased nearly $100,000 worth of shares in the real estate and mortgage firm on Wednesday under Rule 10b5-1 plan.

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Benzinga

Peering Into Rocket Companies Inc. Class A Common Stock's Recent Short Interest

Rocket Companies Inc. Class A Common Stock's (NYSE:RKT) short percent of float has risen 21.67% since its last report. The company recently reported that it has 21.84 million shares sold short, which is 17.18% of all regular shares that are available for trading.

Benzinga

What's Going On With Rocket Mortgage Shares Today?

Rocket Companies Inc (NYSE: RKT) shares are trading lower Monday despite the release of a Form 8-K filing with the U.S.

Benzinga

Rocket Companies CEO Highlights Strong Mortgage Business: 'But We're So Much More Than That'

Despite an environment of rising rates, the housing market remains robust, according to Rocket Companies Inc (NYSE: RKT) CEO Jay Farner.

Benzinga

Analyst Downgrades Rocket Companies, Says Refinancing Mortgage Volumes 'Likely Headed Meaningfully Lower'

Investors are expecting interest rates to start rising sharply in coming months, and one analyst said Tuesday that rising rates are bad news for Rocket Companies Inc (NYSE: RKT).

Benzinga

Which Direction Is Rocket Companies' Chart Heading?

Rocket Companies Inc (NYSE: RKT) shares are trading higher Wednesday and looking to climb back into what traders call a falling wedge pattern. JPMorgan upgraded the stock to Overweight and lowered the price target to $15. Rocket Companies was up 3.78% at $13.47 Wednesday at publication.

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