Rocket Companies, Inc. (RKT): A Bull Case Theory [Yahoo! Finance]
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Yahoo! Finance
Rocket Companies, Inc. (RKT)'s share was trading at $14.18 as of Dec 2 nd . RKT's trailing and forward P/E were 213.22 and 25 respectively according to Yahoo Finance. 11 Tips to Get Approved for a Mortgage Rocket Companies (RKT), formerly known as Quicken Loans, stands out as a mortgage-oriented FinTech company well-positioned to capitalize on a potential home equity loan boom. With U.S. homeowners holding an impressive $32 trillion in home equity, a shift in mortgage rates toward 5% to 5.5%—a scenario potentially catalyzed by favorable policies—could trigger significant activity in the mortgage and home equity markets. While the housing market remains cool due to high mortgage rates averaging 3.9% for existing loans, home equity loans are emerging as a more attractive option than cash-out refinancing, setting the stage for RKT to benefit substantially. Rocket's journey has not been without challenges. The company has endured a steep revenue decline from its 2022 peak of $18 bil
Show less
Read more
Impact Snapshot
Event Time:
RKT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RKT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RKT alerts
High impacting Rocket Companies, Inc. Class A news events
Weekly update
A roundup of the hottest topics
RKT
News
- Today's Mortgage Rates | The Fed Made a Cut. Mortgage Rates Went Up Anyway. [Business Insider]Business Insider
- Rocket Companies, Inc. (NYSE: RKT) had its price target lowered by analysts at Morgan Stanley from $16.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Today's Mortgage Rates | Rates Tick Up As Fed Signals Fewer Cuts in 2025 [Business Insider]Business Insider
- The Fed might make fewer cuts in 2025. What does that mean for mortgage rates? [Business Insider]Business Insider
- Today's Mortgage Rates | Rates Steady Ahead of Fed Announcement [Business Insider]Business Insider
RKT
Earnings
- 11/12/24 - Miss
RKT
Sec Filings
- 12/16/24 - Form 8-K
- 12/3/24 - Form 8-K
- 11/14/24 - Form SC
- RKT's page on the SEC website