RKT / Rocket Companies Inc short volume is shown in the following chart. (RKT) raised $3.2 billion in an initial public offering (IPO) on Thursday, August 6th 2020. 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 … 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. The mortgage lender sold 100 million shares at $18 each, raising $1.8 billion. 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. It opened the day at USD$19.89 after a previous close of USD$19.715. ". Benzinga-6.30%. 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%. On Tuesday, Rocket set the terms for the IPO. Rocket Companies Inc.'s relatively low debut price and sliding shares may attract buyers. And the company is planning to trade on the New York Stock Exchange under the ticker “RKT.” The terms of the deal including the price range and … Rocket stock began trading on the New York Stock Exchange about 11 a.m. opening at the IPO price of $18 a share. Uber ( NYSE:UBER ) – Uber went public on May 10, 2019, at an offer price of $45. Current price $21.06 : 52-week high $34.42 : Prev. The company issued 150,000,000 shares at a price of $20.00-$22.00 per share. The latest price was USD$19.95 (25 minute delay). Current price $19.95 : 52-week high $34.42 : Prev. close $19.72 Rocket Companies, Inc (RKT) is a leading mortgage finance business based in the US. That is because the Jan 15, 2021 $30.00 Put had some of the highest implied volatility of all equity options today. 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 Rocket Mortgage IPO. Despite the sell-off, Rocket is still trading above its $18 IPO price, showing that the pullback may be partially due to post-IPO euphoria. 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. During the day the price has varied from a low of USD$19.73 to a high of USD$20.13. The Quicken Loans parent debuted last month after its downsized IPO, selling 100 million shares at $18 each to raise $1.8 billion. That has the total money Rocket Companies could gain from the IPO sitting at $1.8 billion. 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. With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. ... Analyst Says Rocket Companies' $18 IPO Price Is Fair For Now. Insider Monkey. The previous count was invalidated when wave 2 retraced beyond wave 1. **The book value of RKT is $1.83 per share according to the S-1 form. Oct-27-20 02:20PM : A Rocket Companies Subsidiary Acquires Fast-Growing Canadian Mortgage Platform Finmo. With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. 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 Pre-Market 0.10 (0.51%) NYSE: RKT is set to extend its falls toward the $20 mark, still above the IPO price. RKT Today I cover Rocket Mortgage $RKT stock, which has an IPO launch of August 6, 2020. Why Rocket Companies (RKT) Stock is a Compelling Investment Case. The number of analysts covering the stock of RKT is higher than 88.43% of Banking stocks. Rocket looks to price between $20 and $22 per share. RKT has a lower variance in analysts' estimates than 4.98% of Financial Services stocks. close $20.21 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. 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. The upside potential (average analyst target price relative to current price) of RKT is higher than 88.17% of Banking stocks. The stock was gaining ground and trading around $18.65 a … When an investor makes a short sale, they do so with the belief that a security will decline in price. The offer price for Lyft has been its highest price – since its IPO, the stock price has only decreased. Rocket climbed 19.5% to 21.51 on the stock market today on the New York Stock Exchange under the ticker RKT. 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 … At the new price and number of shares sold, the IPO would raise about $1.8 billion. 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. Source: Author’s own calculations based on a share price of $21.51. Rocket Companies, Inc. engages in the mortgage business in the United States. Rocket intends to trade on the New York Stock Exchange under the ticker RKT. The previous count was invalidated when wave 2 retraced beyond wave 1. Rocket Companies, the parent company of Quicken Loans, will IPO on the NYSE under the ticker 'RKT.' This looks more like a WXY double correction. The IPO will be done through the parent company of Quicken Loans called Rocket Companies. *Basic pro forma 2019 EPS as listed on the S-1 form. Find the latest Rocket Companies, Inc. (RKT) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. Short Volume is a data set that can be used to understand investor sentiment. It has the company offering 100 million shares of its Class A common stock for a price of $18 per share. Rocket Companies Inc. RKT 19.72 0.37 (1.91%). 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