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Rocket Companies' stock surged 139% in volume after an earnings beat and analyst upgrade, despite mixed sentiment.
Rocket Companies (RKT) saw a 139% surge in trading volume Friday, with 36.3 million shares traded, after a Wall Street Zen analyst upgraded the stock from sell to hold.
The company reported second-quarter earnings of $0.04 per share, beating expectations by $0.01, and revenue rose 4.5% year-over-year to $1.36 billion.
Despite the upgrade, analyst sentiment remains mixed, with an average hold rating and a consensus target price of $16.65.
The stock closed at $18.26.
Rocket Companies, a fintech firm offering mortgage lending, title services, and real estate tech, has a market cap of $37.42 billion and a negative P/E ratio of -355.60.
The company projects $0.15 EPS for fiscal year 2025.
Las acciones de Rocket Companies subieron un 139% en volumen después de una mejora en las ganancias y la mejora de los analistas, a pesar de la sensación mixta.