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Rocket Companies, Inc. (RKT)

NYSE - NYSE Delayed Price. Currency in USD
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7.61+0.25 (+3.40%)
At close: 04:00PM EDT
8.26 +0.24 (+2.99%)
Pre-Market: 04:10AM EDT
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  • k
    kelvin
    Still long on this … been tough averaging down but gonna see this through. Looking to double in 2 years.
  • B
    Bernard
    JF is at it again. He is a one man short stompin' machine. 25,800 @ 7.73; 26,200 @ 7.60; 27,600 @7.22 all within the past few days, according to filing dated 6/29.
  • R
    Ray
    $RKT......In the last 30 days, there have been 41 insider BUYS on $RKT......AND these are not gifts, real money was spent in the market
  • T
    TimT
    I am glad I have written plenty of calls including many @$7 and $7.50 a few weeks back. I am not happy the share price is dropping but I did say it back then in my comment 5 days ago.

    https://finance.yahoo.com/quote/RKT/community?p=RKT&messageId=c9ad9e1f-ecb9-476d-894d-9e9e432714a6&bcmt=1

    I will rewrite them when they expire on Friday and within the next a few weeks. Let the premiums keep coming.
  • N
    Nelson
    Rocket net income 2020: $9B 2021: $6B. Rocket's net income for a 2-year timeframe was $15B. The current market cap of Rocket is $14B. So, the company has zero value outside of that 2-year stretch? 36 years in business and growing market share and the company is selling for less money than it made over a 2-year period.
  • C
    C H
    Had to buy more just to stay above a 50% loss. GL
  • T
    TimT
    It is nice to see the share price has risen in the recent week although not by a lot. The past experience taught us that the share value can depreciates a lot faster in a matter of a couple of days. Personally, I won't be enthusiastic until $RKT' share price is doubled. Is the current rise due to the belief that the mortgage rates won't be affected significantly unless the FED wants to bring the housing market at halt? If so, then it signals the buying momentum while the mortgage rates reached its highest level in a decade and a half from its all time low of 2.65%. This appears to be a slow ride unless retail buyers realizes the opportunities in RKT or the mortgage market as a whole and be the catalyst for a buying frenzy. Look at Revlon It is time RKT leads the MEME pack in 2022.

    "The stock (REV) soared 47.9% in afternoon trading Wednesday. It has now rocketed 359% since the day it filed for bankruptcy, and has blasted 666% higher off its June 13 record-low close." (MarketWatch via Dow Jones).

    I have said multiple times in the past that selling puts would have been better below $8 than buying calls unless the stock trades around $6. However, writing puts around $7 and writing OTM calls would have a good reward when the mortgage stock are doing poorly and FED hikes rates. IMT, shorts keeping the share prices down till they close their position with big profits if possible. If we've reached the peak in terms of mortgage rates, then would they still keep the share price low or are they going to say (see REV) "you know, RKT is heavily shorted stock, I better slowly start buying it before anyone wakes up"? I am up to my neck and I said I ain't selling my shares, only writing puts and OTM calls. No doubt, It was a good decision this month.

    Best luck.
  • J
    Jodi
    Jay keeps buying!!! Another 56,000 shares this week😳
  • C
    Cameron
    Didn't RKT partner with Vroom??
    Vroom up big today!
  • N
    Nelson
    $13B Market Cap. $10B in net income in 2020 alone. 36 years in business...EVERY year profitable. Wall Street hates mortgage stocks!
  • J
    Jodi
    Another 31000 shares for Jay F😳 June 17th!
  • N
    Nelson
    Jay bought more shares yesterday. This brings 20+ purchases of stock by him over the past 3 months with the purchases ranging from 300K to 600K each. He is putting his money where his mouth is. This isn't a small purchase just to appease onlookers, Jay is putting up 10M of his own money. He is wealthy but 10M is 10M!
  • a
    ac
    As I said before, owning Rocket is like being married to Amber Heard.
  • T
    TradingLife
    Looks like some news on RKT coming out.
  • W
    WHAT IS.....IS!
    remember - they must pay out free shares Aug. my guess their buying up now because cheap.
    be careful???? it could really go down if this is so. I lost enough to play games.
  • B
    Bud
    whomever is not buying this at $7 really should get out of the investment game. start selling bananas🤠
  • S
    Swift
    everyone knows $RKT makes money hand over fist. Wall street rarely likes mortgage lenders. Regardless, we'll see the stock back to $20+ as interest rates continue to rise.
  • G
    George
    PE of 3🤯… yeah selling dollars for pennies
  • D
    DENNIS
    I am down about 65% and it suspect this stock is going to take a while to turn around. I like the company but they have a lot of headwinds in front of them with interest rates and inflation. I think I could quickly recover my 65% loss easily in a leveraged energy ETF. I have a lot of quality company stocks down, so RKT isn't alone, 7 Million share purchase by CEO is a drop in the bucket for him.
  • T
    TimT
    it is interesting how no one is willing to buy calls except [7/15 @5] which had a 1.3k volume today and open interest stands at 1k while the put [7/15 @6] had also 1.3k volume today but the open interest stands at 2.6k. Are they planning to push the share price further down, another 20%-25%, before 7/15? I mean if they do, the puts earnings will recover the premiums paid for calls. However the put volume is twice as large, so they can earn another 70%+ and they also get the opportunity to scoop up shares at cheaper price in order to close their short position. I have said prior to Q2 that the management should have made an offer to buy the floating shares after buying back 40M shares in the market. We wouldn't be where we are now.