Rocket Companies, Inc. engages in the mortgage business in the United States. The RKT S-1 describes the lock-up period as 180 days from 8/3/2020 after which "up to an additional 1,836,093,909 shares of Class A common … Rocket Mortgage IPO. Pre-Market 0.10 (0.51%) (RKT) raised $3.2 billion in an initial public offering (IPO) on Thursday, August 6th 2020. Rocket stock began trading on the New York Stock Exchange about 11 a.m. opening at the IPO price of $18 a share. It is involved in originating, processing, underwriting, and servicing predominantly government sponsored enterprises-conforming mortgage loans, as well as Fair Housing Act, U.S. Department of Agriculture, and U.S. Department of Veteran's Affairs mortgage loans. The company issued 150,000,000 shares at a price of $20.00-$22.00 per share. During the day the price has varied from a low of USD$19.73 to a high of USD$20.13. Rocket Companies Inc. RKT 19.72 0.37 (1.91%). This looks more like a WXY double correction. It opened the day at USD$19.89 after a previous close of USD$19.715. On Tuesday, Rocket set the terms for the IPO. RKT Shares in the mortgage originator have swung wildly from its $18 IPO price to almost $29 (and then back down again) as investors have second-guessed the value of RKT … At the new price and number of shares sold, the IPO would raise about $1.8 billion. 12-10 zacks.com - 3 - Investors in Rocket Companies, Inc. (RKT Quick QuoteRKT - Free Report) need to pay close attention to the stock based on moves in the options market lately. Rocket Companies, the parent company of Quicken Loans, will IPO on the NYSE under the ticker 'RKT.' Short Volume is a data set that can be used to understand investor sentiment. The number of analysts covering the stock of RKT is higher than 88.43% of Banking stocks. Rocket, which operates Quicken Loans Inc. and Rocket Mortgage, sold 100 million shares at $18 each, making the IPO's value total $1.8 billionand valued the company at around $36 billion. That is because the Jan 15, 2021 $30.00 Put had some of the highest implied volatility of all equity options today. The latest price was USD$19.95 (25 minute delay). Current price $21.06 : 52-week high $34.42 : Prev. The previous count was invalidated when wave 2 retraced beyond wave 1. The stock was gaining ground and trading around $18.65 a … Current price $19.95 : 52-week high $34.42 : Prev. U.S. IPO Calendar; Issuer Business Deal Size Market Cap Price Range Shares Filed Top Bookrunners; BigCommerce (BIGC) Austin, TX: $130M $1,432M: $18 - $20 6,850,000 With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. Benzinga-6.30%. With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. The mortgage lender sold 100 million shares at $18 each, raising $1.8 billion. Rocket Companies Inc.'s relatively low debut price and sliding shares may attract buyers. It has the company offering 100 million shares of its Class A common stock for a price of $18 per share. **The book value of RKT is $1.83 per share according to the S-1 form. Rocket intends to trade on the New York Stock Exchange under the ticker RKT. For example, requirements to participate in an IPO via Fidelity include having either $100,000 or $500,000 in retail assets, depending on what companies are sponsoring the IPO. Uber’s IPO was highly anticipated – the company had an IPO valuation of $82 billion. RKT has a lower variance in analysts' estimates than 4.98% of Financial Services stocks. Should You Buy Rocket Mortgage Stock? NYSE: RKT is set to extend its falls toward the $20 mark, still above the IPO price. The upside potential (average analyst target price relative to current price) of RKT is higher than 88.17% of Banking stocks. The offer price for Lyft has been its highest price – since its IPO, the stock price has only decreased. ... Analyst Says Rocket Companies' $18 IPO Price Is Fair For Now. Oct-27-20 02:20PM : A Rocket Companies Subsidiary Acquires Fast-Growing Canadian Mortgage Platform Finmo. Why Rocket Companies (RKT) Stock is a Compelling Investment Case. The previous count was invalidated when wave 2 retraced beyond wave 1. Rocket looks to price between $20 and $22 per share. close $20.21 Uber ( NYSE:UBER ) – Uber went public on May 10, 2019, at an offer price of $45. Source: Author’s own calculations based on a share price of $21.51. Find the latest Rocket Companies, Inc. (RKT) stock quote, history, news and other vital information to help you with your stock trading and investing. RKT / Rocket Companies Inc short volume is shown in the following chart. close $19.72 The stock's first trade on the New York Stock Exchange was at $18.00 at a.m. Eastern for 12.45 million shares, in line with the IPO price. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 zigzag. Rocket climbed 19.5% to 21.51 on the stock market today on the New York Stock Exchange under the ticker RKT. When an investor makes a short sale, they do so with the belief that a security will decline in price. Filed 2020-07-07 Terms Added 2020-07-28: For IPO Boutique's "scale of 1 to 5" BUY rating on Rocket Companies, Inc., and our comprehensive analysis, click "Buy Market Research. This looks more like a WXY double correction. *Basic pro forma 2019 EPS as listed on the S-1 form. The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange Quicken Loans Files For IPO As Rocket Companies - Inman The Rackspace IPO price was $21 a share Tuesday but in its first day of trading Wednesday, the stock closed at $16.39 a share, down $4.61 a share or nearly 22%. Double corrections are 3-1-3 waves where the W and Y waves are ABC corrections, and the X wave is a 5-3-5 zigzag. The Quicken Loans parent debuted last month after its downsized IPO, selling 100 million shares at $18 each to raise $1.8 billion. Rocket Companies, Inc (RKT) is a leading mortgage finance business based in the US. Today I cover Rocket Mortgage $RKT stock, which has an IPO launch of August 6, 2020. Rocket Companies Inc (NYSE: RKT) shares initially spiked from the $18 IPO price to as high as $26.86 last week, but the stock has since come back down to within $1 of that IPO price… ". Insider Monkey. 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