Published on 14 Jan 2022 on Market Watch
Rocket Cos. Inc. stock falls Thursday, underperforms market
Shares of Rocket Cos. Inc. slid 3.01% to $13.86 Thursday, on what proved to be an all-around rough trading session for the stock market, with the NASDAQ Composite Index falling 2.51% to 14,806.81 and Dow Jones Industrial Average falling 0.49% to 36,113.62. The stock's fall snapped a two-day winning streak. Rocket Cos. Inc. closed $29.14 short of its 52-week high ($43.00), which the company achieved on March 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Essent Group Ltd. fell 0.06% to $49.46, LendingTree Inc. fell 1.11% to $135.43, and PennyMac Financial Services Inc. rose 0.91% to $69.56. Trading volume (5.6 M) eclipsed its 50-day average volume of 4.4 M.