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Rocket Companies, Inc. (RKT)

NYSE - Nasdaq Real Time Price. Currency in USD
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9.95-0.34 (-3.30%)
At close: 04:00PM EDT
9.88 -0.07 (-0.70%)
After hours: 07:53PM EDT
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  • T
    TimT
    Geez, when did we ever witness almost 14% loss was erased on the same day? This is not a good sign for shorts. Let' see what the short volume ratio will be today.
  • T
    TRex
    What make you think Rkt is going private again?
    Jay told as many times before, Rkt is a long term investment.
    I don't believe is going private any time soon.
  • N
    Nelson
    Mini short squeeze in the cards for RKT after earnings? Similar to SoFi.
  • N
    Nelson
    3 cents is the estimate. Just .03. We have to beat that, maybe even double. Lets go .06 cents! Never thought I would be cheering for a 6 cents quarter but that is where we are.
  • j
    jojo
    The last of the sellers… are gone. At least for today. So is this a bottom formation ??? Or just there are other places to short … !!
  • M
    Mark
    Get ready for takeoff after earnings.
    Bullish
  • j
    james
    Anybody still holding since IPO ?
  • j
    james
    Heavily shorted. Squeeze will happen soon.
  • B
    Bud
    Drop it Like It's Hot! But we still are up from the low. good news is coming... when? We can never time things.
    Bullish
  • N
    Nelson
    Don't look now but Jay just made another huge purchase. The CEO is on fire. Nearly $5M in purchases in just July alone.
  • r
    r
    I think it’s going to pop

    The minute this closed yesterday

    Someone traded 100 shares for like 2 dollars under what they could have got one minute before

    Someone or groups of someone trying to manipulate

    Nobody waits all day then says hey I think I Wouid like to lose 2 bucks a share
  • O
    ORWIG
    The pick that was just sent out by (http://traderspot.club) is already up yuge! Check it out!
  • T
    Thomas
    New buyers saw this as an excellent entry point, as the companies under RKT umbrella are showing significant growth paths for the next 5 to 10 years.
  • B
    Bud
    Good news today! Rocket added Home Equity Loans when I had a mortgage with them years ago I wanted to do a HEL but they didn't offer it at that time. good move nice Revenue stream.🚀
    Bullish
  • L
    Logan
    Is Nelson okay? Or is he hanging from his ceiling fan?
  • N
    Nelson
    Rocket guided down 30% in closed loan originations for Q3. Rocket made .02 cents at the current levels. Sounds like we are heading for a decent loss in earnings next quarter.
  • T
    TimT
    Share your strategy with us prior to earnings whether you are holding a short or long position!

    The rise in stock price yesterday gave me a reason to write many calls with strike price between $9-10.50 mainly expires after Friday. The reason I did it are two: the share price rose before the last quarter like this one, and then plummeted to sub $7. Also, I did not want to waste any money on puts.

    I've accumulated too many shares since this stock moved from $10 to $sub $7. If they are called away, they will bring in +20% in a couple of months (roughly 18.7K shares with strike price $10 and under). Also, I needed to go for reduction after realizing I have only reduced my total RKT holding by less than 10,000 shares in the last month. I am still holding a large percentage of them, 75,822 currently down from just above 84,000 a month ago. Unless the trade is in my favor, I am not selling any shares. I wouldn't care if the share price goes down back to $7. I will wait to load again with the proceeds that will come from the options contracts.
  • M
    Mike
    10 more yrs to get to 22 $
  • T
    TimT
    No doubt the short have been hurting since mid June at the least. They haven't made any money for so long in the last a year and a half. I hope the Q2 earnings will be reassuring for all to hang on their shares afterwards. Let' squeeze all the air out of shorts' compressed lungs.
  • T
    TimT
    The short volume was up 3.63% (1.178M shares) and RKT's share price gained 28.8% in the month prior to July 15th. However, the short volume was 1.09% (370k) down; in contrast, the share price still kept the momentum upward, gaining 22.15% in the second half the same period.

    Notice what happens to the share value when the share price doesn't suppressed deliberately. 34% of the floating shares is the short ratio for RKT. If the price trend continues, do you think more shorts will turn into buyers or continue to short? This half-submerged Rocket can be forced to dive a little more but what's the gain in that unless shorts risk more money, which may then allow them to earn more in $$$ but less in percentage.

    I think they are running out of options. It doesn't mean, we will cover our losses soon. It still may take more time for RKT to go terrestrial depends on how soft the economy lands from high inflation/ interest rate period.
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