This looks more like a WXY double correction. 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. Rocket looks to price between $20 and $22 per share. The previous count was invalidated when wave 2 retraced beyond wave 1. RKT RKT / Rocket Companies Inc short volume is shown in the following chart. It opened the day at USD$19.89 after a previous close of USD$19.715. Pre-Market 0.10 (0.51%) 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. The IPO will be done through the parent company of Quicken Loans called Rocket Companies. The stock was gaining ground and trading around $18.65 a … Today I cover Rocket Mortgage $RKT stock, which has an IPO launch of August 6, 2020. The previous count was invalidated when wave 2 retraced beyond wave 1. Find the latest Rocket Companies, Inc. (RKT) stock quote, history, news and other vital information to help you with your stock trading and investing. The latest price was USD$19.95 (25 minute delay). 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. Source: Author’s own calculations based on a share price of $21.51. Benzinga-6.30%. Rocket climbed 19.5% to 21.51 on the stock market today on the New York Stock Exchange under the ticker RKT. 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 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 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 … Uber’s IPO was highly anticipated – the company had an IPO valuation of $82 billion. 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 … The offer price for Lyft has been its highest price – since its IPO, the stock price has only decreased. That is because the Jan 15, 2021 $30.00 Put had some of the highest implied volatility of all equity options today. It has the company offering 100 million shares of its Class A common stock for a price of $18 per share. Rocket Mortgage IPO. The number of analysts covering the stock of RKT is higher than 88.43% of Banking stocks. This looks more like a WXY double correction. Rocket Companies Inc. RKT 19.72 0.37 (1.91%). Rocket stock began trading on the New York Stock Exchange about 11 a.m. opening at the IPO price of $18 a share. NYSE: RKT is set to extend its falls toward the $20 mark, still above the IPO price. 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. Rocket Companies, Inc. engages in the mortgage business in the United States. Rocket Companies (NYSE: RKT) made its public debut Thursday morning, opening at $18 after being priced at $18.The company listed its shares on the NYSE under the ticker symbol RKT. (RKT) raised $3.2 billion in an initial public offering (IPO) on Thursday, August 6th 2020. 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. Uber ( NYSE:UBER ) – Uber went public on May 10, 2019, at an offer price of $45. The mortgage lender sold 100 million shares at $18 each, raising $1.8 billion. The Quicken Loans parent debuted last month after its downsized IPO, selling 100 million shares at $18 each to raise $1.8 billion. Why Rocket Companies (RKT) Stock is a Compelling Investment Case. close $20.21 Current price $21.06 : 52-week high $34.42 : Prev. **The book value of RKT is $1.83 per share according to the S-1 form. Current price $19.95 : 52-week high $34.42 : Prev. The company issued 150,000,000 shares at a price of $20.00-$22.00 per share. Rocket Companies Inc.'s relatively low debut price and sliding shares may attract buyers. 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. 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%. Insider Monkey. Short Volume is a data set that can be used to understand investor sentiment. 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. Rocket Companies, the parent company of Quicken Loans, will IPO on the NYSE under the ticker 'RKT.' When an investor makes a short sale, they do so with the belief that a security will decline in price. Should You Buy Rocket Mortgage Stock? Rocket intends to trade on the New York Stock Exchange under the ticker RKT. *Basic pro forma 2019 EPS as listed on the S-1 form. RKT has a lower variance in analysts' estimates than 4.98% of Financial Services stocks. Rocket Companies, Inc (RKT) is a leading mortgage finance business based in the US. 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. ... Analyst Says Rocket Companies' $18 IPO Price Is Fair For Now. During the day the price has varied from a low of USD$19.73 to a high of USD$20.13. 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 ". 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. On Tuesday, Rocket set the terms for the IPO. With the large price fluctuations after IPO, this sort of prolonged consolidation makes sense. At the new price and number of shares sold, the IPO would raise about $1.8 billion. 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