![]() ![]() Other stocks followed closely by retail investors were lower Tuesday, with shares of GameStop closing down 1.8% while headphone maker Koss Corp (KOSS.O) tumbled 14.6% and AMC Entertainment (AMC.N) fell 2.7%. Rocket is a consumer finance company whose main business involves mortgage origination. Meanwhile shares in another mortgage company, UWM Holdings (UWMC.N), closed up 19.7% at $9.13 with trading volume exceeding five times the 10-day moving average. ![]() Here is how the short interest of companies in the sector of business services compare to Rocket. Mentions of Rocket on WallstreetBets have shot higher in recent days, according to website, which tracks comments on the forum. 20.23 of Rocket Companies shares are currently sold short. A mortgage REIT could be a good investment opportunity. Rocket's Chief Executive Officer Jay Farner is due to participate in Morgan Stanley's Technology, Media & Telecom conference on Wednesday morning. These short-term debts often have lower interest rates than the long-term rates. Rocket had to slash the size of its offering by about a third due to lackluster demand when it debuted in August. housing market could experience a slowdown later in 2021, even as low interest rates fuel refinancings.Īs a result, some investors have snubbed the initial public offerings of mortgage lenders. They often invest in very short-term bonds known as money market instruments, which are essentially banks lending money to each other. While Rocket has been growing quickly, some experts have warned that the U.S. Its flagship business, now known as Rocket Mortgage, was founded by Dan Gilbert in 1985. ![]()
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