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Rocket Mortgage (NYSE:RKT) stock qualifies for both tags. Source: Lori Butcher / Shutterstock.com In March it memed 130% higher in a week, then lost more than half its value in three weeks.
Suffice it to say that 2022 is a tough year to be a mortgage origination specialist like Rocket Companies (NYSE:RKT). Frankly, RKT stock has behaved like a rocket that ran out of fuel.
On August 6, 2020, Rocket Companies, Inc. went public on the New York Stock Exchange under the symbol RKT, [23] raising $1.8 billion. [24] [25] Quicken Loans was the largest subsidiary of the newly formed, public traded entity that also included Rocket Homes, Rocket Loans, Amrock and other tech-driven personal finance companies. [26]
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Rocket Companies Inc (NYSE: RKT) shares are down 6% in Thursday's after-hours session after the company reported mixed third-quarter financial results and issued guidance below analyst expectations.
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