Rocket Companies Inc’s filing revealed 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 $9.7 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 $9.68 million.
BofA Securities upgraded its Rocket Companies Inc [RKT] rating to a Neutral from a an Underperform in a research note published on Keefe Bruyette also remained covering RKT and has increased its forecast on August 05, 2024 with a “Mkt perform” recommendation from previously “an Underperform” rating. Citigroup revised its rating on January 16, 2024. It rated RKT as “a Sell” which previously was an “a Neutral”.
Price Performance Review of RKT
On Tuesday, Rocket Companies Inc [NYSE:RKT] saw its stock jump 2.08% to $13.71. Over the last five days, the stock has lost -11.78%. Rocket Companies Inc shares have fallen nearly -5.32% since the year began. Nevertheless, the stocks have risen 52.16% over the past one year. While a 52-week high of $21.38 was reached on 09/18/24, a 52-week low of $8.81 was recorded on 02/21/24. SMA at 50 days reached $17.33, while 200 days put it at $15.14.
Levels Of Support And Resistance For RKT Stock
The 24-hour chart illustrates a support level at 13.31, which if violated will result in even more drops to 12.90. On the upside, there is a resistance level at 14.11. A further resistance level may holdings at 14.50. The Relative Strength Index (RSI) on the 14-day chart is 27.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.29%. Stochastics %K at 11.81% indicates the stock is a buying.
How much short interest is there in Rocket Companies Inc?
A steep rise in short interest was recorded in Rocket Companies Inc stocks on 2024-10-31, growing by 1.0 million shares to a total of 19.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 18.19 million shares. There was a rise of 5.2%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 10, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating.
