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RKT US Stock
Open: $20.2 High: $23.99 Low: $20.08 Close: $22.71
Range: 2021-01-25 - 2021-01-26
Volume: 45,329,767
Market: Open
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RKT News
Latest news about the RKT
  • Understanding Rocket Companies's Unusual Options Activity

    Rocket Companies (NYSE:RKT) shares experienced unusual options activity on Monday. The stock price moved up to $20.31 following the option alert. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2021-01-29 * Strike Price: $21.00 * Volume: 4390 * Open Interest: 7080Three Signs Of Unusual Options Activity One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it.Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset."Out of the money" contracts are unusual because they are purchased with a strike price far from the underlying asset price. "Out of the money" occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. Buyers and sellers try to take advantage of a large profit margin in these instances because they are expecting the value of the underlying asset to change dramatically in the future.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit more from Benzinga * Click here for options trades from Benzinga * Benzinga's Top Ratings Upgrades, Downgrades For January 19, 2021(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • TTEC Holdings (TTEC) Looks Good: Stock Adds 7.8% in Session

    TTEC Holdings (TTEC) saw a big move last session, as its shares jumped nearly 8% on the day, amid huge volumes.

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  • This former Michigan State University basketball player started selling mortgages in his 20s now he's worth more than $11 billion

    The country's leader in the wholesale mortgage market is now a public company. Here's what the company's CEO Mat Ishbia told Yahoo Finance.

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  • Burning Rock (BNR) in Focus: Stock Moves 5.4% Higher

    Burning Rock (BNR) saw a big move last session, as its shares jumped more than 5% on the day, amid huge volumes.

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  • Rocket Companies (RKT) Outpaces Stock Market Gains: What You Should Know

    In the latest trading session, Rocket Companies (RKT) closed at $19.87, marking a +1.69% move from the previous day.

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  • JPMorgan On Finance Stocks In 2021: Why It's Bullish On Credit Cards, Cautious On Mortgages

    Financial sector stocks have been red-hot since the November election led by bank stocks as investors become increasingly optimistic about the impact of another large stimulus package, a resumption of buybacks and a longer-term economic recovery.On Tuesday, JPMorgan updated its coverage of consumer finance stocks by issuing several upgrades and downgrades and said there are plenty of areas to love and plenty to hate in the space in 2021.The Analyst: JPMorgan analyst Richard Shane issued the following ratings changes on Tuesday: * American Express Company (NYSE: AXP) upgraded from Underweight to Overweight, price target raised from $105 to $148. * Synchrony Financial (NYSE: SYF) upgraded from Neutral to Overweight, price target raised from $28 to $46. * Santander Consumer USA Holdings Inc (NYSE: SC) upgraded from Underweight to Neutral, price target raised from $23 to $26. * Navient Corp (NASDAQ: NAVI) downgraded from Overweight to Neutral, price target raised from $12 to $12.50. * Essent Group Ltd (NYSE: ESNT) downgraded from Overweight to Neutral, price target raised from $50 to $52. * Guild Holdings Co (NYSE: GHLD) downgraded from Overweight to Neutral, price target raised from $18 to $18.50. * Rocket Companies Inc (NYSE: RKT) downgraded from Overweight to Underweight, price target cut from $26 to $20. * Related Link: Analyst Upgrades JPMorgan, Downgrades US Bancorp As Bank Stocks SoarThe Thesis: In the note, Shane said he is increasingly optimistic about the U.S. macroeconomic outlook, a view that bodes well for credit card stocks like American Express."Our increasingly optimistic macro outlook is consistent with improving forecasts of unemployment and GDP and a steepening forward 10YT curve," the analyst said. The consumer finance group as a whole should witness between 10% and 15% earnings multiple expansion by the end of 2021, he said.Shane also named OneMain Holdings Inc (NYSE: OMF) as his top overall consumer finance stock pick given its leading return on equity, its non-bank structure and low double-digit dividend yield growth potential.At the same time, Shane said student lending stocks will be subject to policy headline risks under the Joe Biden administration, and he is getting increasingly cautious on the potential negative impact a spike in interest rates could have on the mortgage market.Benzinga's Take: JPMorgan's economic outlook is great news for banks, credit card companies and the economy as a whole. Unfortunately, the forecast is less bullish for Rocket and any other companies that benefit from extremely low interest rates.Latest Ratings for RKT DateFirmActionFromTo Jan 2021JP MorganDowngradesOverweightUnderweight Dec 2020Keefe, Bruyette & WoodsDowngradesMarket PerformUnderperform Nov 2020B of A SecuritiesReiteratesBuy View More Analyst Ratings for RKT View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Crazy GameStop Trading Action Continues: What Traders Need To Know * Why This Enphase Energy Analyst Is Bullish Following Tesla-Driven Sell-Off(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Rocket Companies (RKT) Gains As Market Dips: What You Should Know

    In the latest trading session, Rocket Companies (RKT) closed at $20.16, marking a +1.15% move from the previous day.

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  • Mytheresa and loanDepot Join IPO Pipeline. SoftBank-Backed Compass Files Confidentially.

    Three more high-profile companies announced plans to go public: Luxury fashion site Mytheresa, lender loanDepot, and real estate tech firm Compass.

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  • 5 Stocks to Watch as Services Sector Continues to Expand

    The U.S. services sector has witnessed continued expansion and seems poised to carry on its good run, making it prudent to look at names like APi Group (APG), Black Knight (BKI) and IBEX (IBEX)

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  • Rocket Mortgage Super Bowl Squares Sweepstakes Are Back And Bigger Than Ever

    In light of Super Bowl LV, Rocket Companies Inc (NYSE: RKT) is bringing back the Rocket Mortgage Super Bowl Squares Sweepstakes.During its second iteration, Super Bowl Squares participants will tune Feb. 7 on CBS, to have a shot at winning $50,000 after every scoring play. Additionally, two grand prize drawings of $500,000, at halftime and following the game, will be announced.Detroit-based Rocket Companies is the parent company of Rocket Mortgage and Quicken Loans, the nation's largest retail mortgage lender.How To Play: Participants 18 years and older can sign up between Jan. 7 and Feb. 4, 2021. To enter for free, log onto and receive one entry square.For more chances to win, participants can share their links with friends; every time someone uses the link to sign up, they'll receive a bonus square, up to 10 total.Entrants then return to, after registration closes on Feb. 4, to see teams and random numbers assigned to squares. During the Super Bowl, winners of score-identifying squares and grand prizes will be announced live via Rocket Mortgage's Twitter and Facebook, as well as the Rocket Mortgage Super Bowl Squares Sweepstakes website.See Also: Analysts React To Rocket Companies Q3 Earnings: 'Differentiated Tech-Driven Platform'Why It Matters: Rocket is looking to kick the year off on a bright note, empowering financial independence and wellness amongst communities."While the action on the field was second-to-none, we heard from clients and fans all across the country how closely they were keeping up with their squares at home," Rocket Companies CEO Jay Farner said in a statement on last year's game."Rocket Mortgage has become known for adding to the excitement of big sporting events, and with the Super Bowl Squares concept of 'winning money without risking money,' it is exciting to think that we helped play a role in the buzz surrounding such a world-class event by giving people the chance to win $500,000 that they can use to purchase the home of their dreams."To learn more about the rules, or to enter for free, click here.See more from Benzinga * Click here for options trades from Benzinga * Fintech Focus For January 7, 2021 * Meet TradeUP, A Brokerage For The Active Trader(C) 2021 Benzinga does not provide investment advice. All rights reserved.

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  • Rocket Mortgage Super Bowl Squares Sweepstakes Returns for Super Bowl LV After Awarding $1.75 Million in Last Year's Big Game

    Rocket Mortgage, the nation's largest mortgage lender, today announced entries are open for the second annual Rocket Mortgage Super Bowl Squares Sweepstakes – the world's largest official game of Super Bowl squares. Those looking to enter the giveaway can now register for free at The sweepstakes is part of Rocket Mortgage's multi-year partnership with the National Football League (NFL).

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  • Riot Blockchain (RIOT) in Focus: Stock Moves 9.3% Higher

    Riot Blockchain (RIOT) saw a big move last session, as its shares jumped more than 9% on the day, amid huge volumes.

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  • Rocket Companies and Booking as Zacks Bull and Bear of the Day

    Rocket Companies and Booking as Zacks Bull and Bear of the Day

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  • Bull of the Day: Rocket Companies (RKT)

    Bull of the Day: Rocket Companies (RKT)

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  • Is RKT A Good Stock To Buy Now?

    In this article we will check out the progression of hedge fund sentiment towards Rocket Companies, Inc. (NYSE:RKT) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]

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  • PreMarket Prep Stock Of The Day: Rocket Companies

    Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session.On any given day, the show will cover at least 20 stocks determined by co-hosts Joel Elconin and Dennis Dick along with producer Spencer Israel.There are several catalysts that can move an issue higher or lower. Rocket Companies (NYSE: RKT) is trading in the red on Friday, primarily due to a downgrade from Keefe, Bruyette & Woods, which makes this the PreMarket Prep Stock Of The Day.Disappointing IPO After Early Success: In a year with some spectacular returns in the IPO market, Rocket Companies isn't one of them. The company made its debut Aug. 6 at $18 and put in a low that day at $17.50 that hasn't been seen since. The following day it ran to $26.85 then quickly retreated five days later to $18.31 and geared up for a big launch.Over the next 13 sessions, it lifted off to its all-time high of $34.42 and all-time closing high at $31.31.That was the same day as its first earnings report since going public. The company reported an adjusted EPS of $1.44, which beat the $0.88 estimate.Good, But Not Good Enough: Despite the solid report, the issue was slammed in the session following the report and hasn't recovered.After a much lower open, it attempted to rally but came up shy of the lower-end of the previous day's range ($30.61), only reaching $29.15 and resumed its move lower. By day's end, it had slumped as low as $25.80 and ended the session down 15% at $26.50.Follow Through On The Downside: The selling pressure didn't let up in the following session as it shed nearly another $2 and leaked again on the day after ($24.57 to $22.57). All in all, it was a 34% decline in only three days. By the end of October, the issue did not catch a bid until it came within its initial low ($17.50) when it bottomed on Oct. 30 at $17.78.The rally off that low was landed at $22.59 on Nov. 17. Interestingly, it approached that level on four occasions this week, peaking between $22.52 (Thursday) and $22.84 (Wednesday).Negative Catalyst: On Thursday night, Keefe, Bruyette & Woods downgraded the issue from Market Perform to Underperform and announced a $19 price target. The Street is acting on the downgrade as the issue is trading lower in the session by 2.8% at $21.75.Benzinga CEO Disagrees: On today's PreMarket Prep Show, Benzinga's Jason Raznick took exception with the downgrade and price target, saying Rocket "is much more than just a mortgage company."His comments on the issue from today's show can be found here:Disclosure: Jason Raznick Dennis Dick are long shares of Rocket Companies.\See more from Benzinga * Click here for options trades from Benzinga * PreMarket Prep Stock Of The Day: Pfizer * Bitcoin's Big Run: No Such Thing As A Triple Top?(C) 2020 Benzinga does not provide investment advice. All rights reserved.

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  • Do Options Traders Know Something About Rocket Companies (RKT) Stock We Don't?

    Investors need to pay close attention to Rocket Companies (RKT) stock based on the movements in the options market lately.

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  • Nexsys Technologies Releases Clear HOI, a Groundbreaking Homeowners Insurance Verification Tool, to All Mortgage Lenders

    Nexsys Technologies, a FinTech company and subsidiary of Rocket Companies (NYSE:RKT) that provides a suite of essential tech solutions for mortgage origination and closing, today officially released its Clear HOI platform to mortgage lenders nationwide. Clear HOI digitizes and automates the communication between mortgage lenders and homeowners insurance (HOI) companies. Nexsys has spent more than a year refining the solution with its sister company, Rocket Mortgage, while adding many of the largest insurance providers to the platform. The tool is now available for any lender looking to streamline their mortgage process.

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  • Rocket Mortgage and Amrock Continue to Set Bar for the Nation in Digital Closings Throughout 2020

    Rocket Mortgage, America's largest mortgage lender, and Amrock, one of the nation's largest providers of title insurance, property valuations and settlement services, delivered 90% of all digital closings with eNotes through the first three quarters of 2020, according to data provided by the Mortgage Electronic Registration System (MERS) eRegistry.

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  • EXCLUSIVE: Finance of America CEO is Doubling Down During Pandemic as Mortgage Market Strength Holds – Video Highlights and Replay

    Finance of America Companies Chief Executive Officer Patti Cook By Hope King and Jarrett Banks In an exclusive interview, IPO Edge Multimedia Editor Hope King sat down with Finance of America Companies Chief Executive Officer Patti Cook to discuss taking her company public and doubling down on lending during the global pandemic. The consumer-lending platform […]

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