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Rocket Companies Inc (RKT) receives a Mkt perform rating from Keefe Bruyette

Rocket Companies Inc’s recent filing unveils that its Director Rizik Matthew acquired Company’s shares for reported $4385.0 on Jun 28 ’24. In the deal valued at $13.79 per share,318 shares were bought. As a result of this transaction, Rizik Matthew now holds 707,528 shares worth roughly $12.48 million.

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Then, Rizik Matthew bought 316 shares, generating $4,361 in total proceeds. Upon buying the shares at $13.80, the Director now owns 707,210 shares.

Before that, Rizik Matthew bought 165 shares. Rocket Companies Inc shares valued at $2,246 were divested by the Director at a price of $13.61 per share. As a result of the transaction, Rizik Matthew now holds 706,894 shares, worth roughly $12.47 million.

Keefe Bruyette upgraded its Rocket Companies Inc [RKT] rating to a Mkt perform from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid January from “a Neutral” to “a Sell”. Deutsche Bank began covering RKT with “Hold” recommendation on January 10, 2024. JP Morgan revised its rating on January 04, 2024. It rated RKT as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of RKT

On Monday, Rocket Companies Inc [NYSE:RKT] saw its stock fall -1.84% to $17.64. Over the last five days, the stock has lost -0.68%. Rocket Companies Inc shares have risen nearly 21.82% since the year began. Nevertheless, the stocks have risen 49.49% over the past one year. While a 52-week high of $18.70 was reached on 08/06/24, a 52-week low of $7.17 was recorded on 02/21/24. SMA at 50 days reached $14.93, while 200 days put it at $12.71.

Levels Of Support And Resistance For RKT Stock

The 24-hour chart illustrates a support level at 17.38, which if violated will result in even more drops to 17.12. On the upside, there is a resistance level at 17.95. A further resistance level may holdings at 18.25. The Relative Strength Index (RSI) on the 14-day chart is 63.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.16, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.33%. Stochastics%K at 79.75% indicates the stock is a holding.

How much short interest is there in Rocket Companies Inc?

A steep rise in short interest was recorded in Rocket Companies Inc stocks on , dropping by -2.5 million shares to a total of 16.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 18.75 million shares. There was a decline of -15.39%, which implies that there is a negative sentiment for the stock.

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