Bullboard - Stock Discussion Forum Rocket Companies Inc RKT

Rocket Companies, Inc. is a financial technology company consisting of mortgage, real estate, and personal finance business. The Company’s segments include Direct to Consumer, and Partner Network. In the Direct-to-Consumer segment, clients have the ability to interact with Rocket Mortgage online and/or with the Company’s mortgage bankers. The Company markets various brand campaigns and... see more

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Rocket Companies Inc > From MarketPlace

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Post by BearBullBrian on Apr 11, 2022 4:30pm

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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