In yesterday’s Wall Street session, Rocket Companies Inc (NYSE:RKT) shares traded at $15.10, down -2.83% from the previous session.
RKT stock price is now 7.25% away from the 50-day moving average and 26.83% away from the 200-day moving average. The market capitalization of the company currently stands at $2.11B.
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With the price target enhanced from $9 to $10, Citigroup Downgraded its rating from Neutral to Sell for Rocket Companies Inc (NYSE: RKT). , while ‘JP Morgan’ rates the stock as ‘Underweight’
In other news, Rizik Matthew, Director bought 318 shares of the company’s stock on Jun 28 ’24. The stock was bought for $4,385 at an average price of $13.79. Upon completion of the transaction, the Director now directly owns 707,528 shares in the company, valued at $10.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 27 ’24, Director Rizik Matthew bought 316 shares of the business’s stock. A total of $4,361 was incurred on buying the stock at an average price of $13.80. This leaves the insider owning 707,210 shares of the company worth $10.68 million. A total of 13.75% of the company’s stock is owned by insiders.
During the past 12 months, Rocket Companies Inc has had a low of $7.17 and a high of $15.81. The fifty day moving average price for RKT is $14.1218 and a two-hundred day moving average price translates $12.17395 for the stock.
The latest earnings results from Rocket Companies Inc (NYSE: RKT) was released for 2024-03-31. The net profit margin was 0.50% and return on equity was 3.13% for RKT. The company reported revenue of $1.38 billion for the quarter, compared to $666.07 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 107.74 percent.
