In a filing, Rocket Companies Inc revealed 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 $13.32 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 310 shares. Rocket Companies Inc shares valued at $4,343 were divested by the Director at a price of $14.01 per share. As a result of the transaction, Rizik Matthew now holds 706,418 shares, worth roughly $13.3 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 Friday, Rocket Companies Inc [NYSE:RKT] saw its stock fall -1.88% to $18.83. Over the last five days, the stock has lost -4.03%. Rocket Companies Inc shares have risen nearly 30.04% since the year began. Nevertheless, the stocks have risen 109.22% over the past one year. While a 52-week high of $21.38 was reached on 09/18/24, a 52-week low of $7.17 was recorded on 02/21/24. SMA at 50 days reached $17.99, while 200 days put it at $14.25.
Levels Of Support And Resistance For RKT Stock
The 24-hour chart illustrates a support level at 18.54, which if violated will result in even more drops to 18.25. On the upside, there is a resistance level at 19.10. A further resistance level may holdings at 19.37. The Relative Strength Index (RSI) on the 14-day chart is 47.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.61%. Stochastics %K at 37.70% 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 2024-08-30, dropping by -0.44 million shares to a total of 15.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.25 million shares. There was a decline of -2.78%, which implies that there is a negative sentiment for the stock.
