Movement Alert｜Rocket Companies Rises 5.18% in Regular Trading, trading at 11.69

Market Focus10-22

On October 22, Rocket Companies rose 5.18% in Regular Trading, trading at $11.69 per share, with turnover of $49.52 million.

Within the Commercial & Residential Mortgage Finance sector where Rocket Companies belongs, peer stocks also moved higher, with MGIC Investment up 1.32%, BETTER HOME & FINANCE HOLDING up 5.91%, Essent up 2.25%, UWM Holdings Corporation up 3.6%, and PennyMac up 4.38%.

Recent disclosed company developments include Rocket Mortgage adopting VantageScore 4.0 as the preferred credit scoring model for certain eligible direct-to-consumer loan products in late September. Earlier, the company reported second-quarter adjusted EPS of $0.16 on revenue of $2.78 billion, while guiding third-quarter adjusted revenue to $2.5 billion to $2.7 billion, below analyst expectations. However, no fresh company-specific catalyst was identified in the available information for October 22.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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