Stocks of Rocket Companies Inc (NYSE:RKT) traded higher last session on Wall Street, down -2.99% to $18.49.
RKT stock price is now 22.30% away from the 50-day moving average and 44.18% away from the 200-day moving average. The market capitalization of the company currently stands at $2.60B.
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On January 16, 2024, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock increasing its target price from $9 to quote $10, while ‘Deutsche Bank’ rates the stock as ‘Hold’
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 $13.08 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 $13.08 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 $19.11. The fifty day moving average price for RKT is $15.1182 and a two-hundred day moving average price translates $12.82385 for the stock.
The latest earnings results from Rocket Companies Inc (NYSE: RKT) was released for 2024-06-30. The net profit margin was 0.32% and return on equity was 2.09% for RKT. The company reported revenue of $1.3 billion for the quarter, compared to $1.24 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.22 percent.
