Rocket Companies Inc RKT

Rocket Companies, Inc., a fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Redfin, a digital real estate brokerage and home search platform; Rocket Close, a digital experience for appraisal management, settlement, and title services; Rocket Money, a finance app that offers a suite of financial wellness services including subscription cancellation, budget management and credit score improvement; and Rocket Loans, a platform for personal loan. It also originates, closes, sells, and services agency-conforming loans; and provides Rocket Pro that works with mortgage brokers, community banks, and credit unions, to maintain own brand and client relationships. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. operates as a subsidiary...

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Rocket Companies Inc

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Post by BearBullBrianon Apr 11, 2022 4:30pm

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From MarketPlace

Rocket Company Is Tightly Held And Getting Tighter

Rocket Company has never reported an insider sale in its history and insiders hold 93.2% of the company. The only transactions of record are five recent purchases by CEO Jay Farner. Mr. Farner bought about 68,000 shares for a total of $743,000 or about 3.88% of the market cap. Add in another 3.74% of institutional holdings and this is a very tightly held stock and available shares are getting sparse. The company is also sitting on a 22% short interest that makes us believe the stock is about to see a short-covering rally and maybe a squeeze. All it will take is one good bit of news.

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