Rocket Companies Inc (RKT) ニュース

RKT new 52 high

$RKT Finally making a move. Still a long way to go.

??

He will probably have to give some to his secretary he knocked up at quicken . Or at least that’s what they are saying on the Reddit message boards- that he knocked her up. Just like Bill Ackman said on X today these are different times we are living in. I’ve been bearish on the mortgage industry ever since the 30 year fix mortgage rate went over 5% last summer. I think fair value of RKT stock with everything going on is somewhere around $4-$5 range. Possibly even lower if 10 year yield goes over 5 percent .

I saw that when that came out. I had to wonder what he is planning on doing with his 6,145,007 shares of common stock he owns?

Some is in a trust for his children.

What's that game plan?

Jay Farner has decided to call it quits at the young age of 49 years old because he can’t stand anymore to look at how shitty the sales numbers are for mortgage & how bad the stock price is. Talk about leaving with tail in between legs - what an embarrassment for Farner’s legacy. Gilbert isn’t even top dog anymore either - that award goes to Matt Ishbia.

RE: The stock will never see IPO $18 ever again.

Bold prediction.

The mortgage industry has turned into a complete joke over the years. People don’t even need a college degree to get hired as a loan officer from Woke recruiters/ Woke management which is why most lenders over hired & now they got a bunch charlatans sitting around twiddling their thumbs. Just like how Twitter & Meta had/have too many workers on board- the same issue applies to the United States mortgage industry.

Most mortgage Loan officers can literally make more money for their families by working at their local McDonald’s.

These insider buys by Farner who is grossly overpaid won’t make a difference/ hasn’t made a difference as the selling pressure continues & most RKT investors can kiss their money goodbye. The stock will never see IPO $18 ever again.

“Our estimate suggests industry volume per loan officer at less than 1 loan per month”

https://www.freep.com/story/money/business/2022/11/03/rocket-companies-third-quarter/69613229007/

Jay Farner RKT CEO

https://www.sec.gov/ix?doc=/Archives/edgar/data/1805284/000180528422000027/rkt-20220321.htm

On February 28, 2022, Jay Farner, Vice Chairman and CEO of Rocket Companies, Inc. (the "Company"), entered into a share trading plan (the "Purchase Plan") with a broker for the purchase of shares of the Company’s common stock. The Purchase Plan was adopted pursuant to and in compliance with Rule 10b5-1 and Rule 10b-18 under the Securities Exchange Act of 1934, as amended, and in accordance with the Company’s insider trading policies. In accordance with Rule 10b5-1, Mr. Farner will have no authority, influence or control over any purchase of shares of common stock of the Company under the Purchase Plan. Subject to the satisfaction of certain conditions, a broker may periodically effect purchases of up to $36 million total aggregate value of the Company’s common stock from March 30, 2022 through December 30, 2022. Purchases under the Purchase Plan are subject to or dependent upon certain market pricing parameters and trading limitations. Any transactions under the Purchase Plan will be reported to the Securities and Exchange Commission in accordance with securities laws, rules and regulations.

Jay Farner / RKT All Transactions since trading plan established

https://finviz.com/insidertrading.ashx?oc=1816502&tc=7

goes by date filed not date purchased so # shares totals are out of order

Ticker Owner Relationship Date Cost #Shs Val($) Ttl. owned SEC Form 4
RKT Farner Jay Chief Executive Officer Oct 20 Buy 6.56 30,400 199,424 4,860,807 Oct 21 04:17 PM
RKT Farner Jay Chief Executive Officer Oct 21 Buy 6.23 32,100 199,983 4,892,907 Oct 21 04:17 PM
RKT Farner Jay Chief Executive Officer Oct 17 Buy 7.01 28,500 199,785 4,772,107 Oct 19 04:40 PM
RKT Farner Jay Chief Executive Officer Oct 18 Buy 7.00 28,600 200,200 4,800,707 Oct 19 04:40 PM
RKT Farner Jay Chief Executive Officer Oct 19 Buy 6.71 29,700 199,287 4,830,407 Oct 19 04:40 PM
RKT Farner Jay Chief Executive Officer Oct 13 Buy 6.67 29,900 199,433 4,714,107 Oct 14 04:33 PM
RKT Farner Jay Chief Executive Officer Oct 14 Buy 6.77 29,500 199,715 4,743,607 Oct 14 04:33 PM
RKT Farner Jay Chief Executive Officer Oct 10 Buy 6.71 30,100 201,971 4,624,607 Oct 12 04:53 PM
RKT Farner Jay Chief Executive Officer Oct 11 Buy 6.77 29,600 200,392 4,654,207 Oct 12 04:53 PM
RKT Farner Jay Chief Executive Officer Oct 12 Buy 6.66 30,000 199,800 4,684,207 Oct 12 04:53 PM
RKT Farner Jay Chief Executive Officer Oct 06 Buy 7.02 28,400 199,368 4,564,107 Oct 07 05:01 PM
RKT Farner Jay Chief Executive Officer Oct 07 Buy 6.56 30,400 199,424 4,594,507 Oct 07 05:01 PM
RKT Farner Jay Chief Executive Officer Oct 03 Buy 6.51 30,700 199,857 4,478,507 Oct 05 04:18 PM
RKT Farner Jay Chief Executive Officer Oct 04 Buy 7.03 28,400 199,652 4,506,907 Oct 05 04:18 PM
RKT Farner Jay Chief Executive Officer Oct 05 Buy 6.92 28,800 199,296 4,535,707 Oct 05 04:18 PM
RKT Farner Jay Chief Executive Officer Sep 29 Buy 6.40 31,200 199,680 4,416,307 Sep 30 04:32 PM
RKT Farner Jay Chief Executive Officer Sep 30 Buy 6.35 31,500 200,025 4,447,807 Sep 30 04:32 PM
RKT Farner Jay Chief Executive Officer Sep 26 Buy 6.94 28,800 199,872 4,325,307 Sep 28 04:36 PM
RKT Farner Jay Chief Executive Officer Sep 27 Buy 6.70 29,800 199,660 4,355,107 Sep 28 04:36 PM
RKT Farner Jay Chief Executive Officer Sep 28 Buy 6.65 30,000 199,500 4,385,107 Sep 28 04:36 PM
RKT Farner Jay Chief Executive Officer Sep 22 Buy 7.18 27,800 199,604 4,267,707 Sep 23 04:44 PM
RKT Farner Jay Chief Executive Officer Sep 23 Buy 6.91 28,800 199,008 4,296,507 Sep 23 04:44 PM
RKT Farner Jay Chief Executive Officer Sep 19 Buy 7.63 26,200 199,906 4,186,507 Sep 21 05:15 PM
RKT Farner Jay Chief Executive Officer Sep 20 Buy 7.42 26,900 199,598 4,213,407 Sep 21 05:15 PM
RKT Farner Jay Chief Executive Officer Sep 21 Buy 7.55 26,500 200,075 4,239,907 Sep 21 05:15 PM
RKT Farner Jay Chief Executive Officer Sep 15 Buy 7.61 26,200 199,382 4,133,407 Sep 16 04:45 PM
RKT Farner Jay Chief Executive Officer Sep 16 Buy 7.42 26,900 199,598 4,160,307 Sep 16 04:45 PM
RKT Farner Jay Chief Executive Officer Sep 12 Buy 7.97 25,000 199,250 4,054,507 Sep 14 04:37 PM
RKT Farner Jay Chief Executive Officer Sep 13 Buy 7.59 26,300 199,617 4,080,807 Sep 14 04:37 PM
RKT Farner Jay Chief Executive Officer Sep 14 Buy 7.55 26,400 199,320 4,107,207 Sep 14 04:37 PM
RKT Farner Jay Chief Executive Officer Sep 08 Buy 7.64 26,100 199,404 4,004,107 Sep 09 04:45 PM
RKT Farner Jay Chief Executive Officer Sep 09 Buy 7.94 25,400 201,676 4,029,507 Sep 09 04:45 PM
RKT Farner Jay Chief Executive Officer Sep 06 Buy 7.25 27,500 199,375 3,950,707 Sep 07 04:23 PM
RKT Farner Jay Chief Executive Officer Sep 07 Buy 7.31 27,300 199,563 3,978,007 Sep 07 04:23 PM
RKT Farner Jay Chief Executive Officer Sep 01 Buy 7.62 26,200 199,644 3,897,207 Sep 02 04:48 PM
RKT Farner Jay Chief Executive Officer Sep 02 Buy 7.68 26,000 199,680 3,923,207 Sep 02 04:48 PM
RKT Farner Jay Chief Executive Officer Aug 29 Buy 8.33 24,000 199,920 3,821,107 Aug 31 04:49 PM
RKT Farner Jay Chief Executive Officer Aug 30 Buy 8.08 24,700 199,576 3,845,807 Aug 31 04:49 PM
RKT Farner Jay Chief Executive Officer Aug 31 Buy 7.91 25,200 199,332 3,871,007 Aug 31 04:49 PM
RKT Farner Jay Chief Executive Officer Aug 25 Buy 9.26 21,600 200,016 3,775,907 Aug 26 04:34 PM
RKT Farner Jay Chief Executive Officer Aug 26 Buy 8.81 21,200 186,772 3,797,107 Aug 26 04:34 PM
RKT Farner Jay Chief Executive Officer Aug 22 Buy 9.33 21,400 199,662 3,711,407 Aug 24 05:11 PM
RKT Farner Jay Chief Executive Officer Aug 23 Buy 9.43 21,400 201,802 3,732,807 Aug 24 05:11 PM
RKT Farner Jay Chief Executive Officer Aug 24 Buy 9.27 21,500 199,305 3,754,307 Aug 24 05:11 PM
RKT Farner Jay Chief Executive Officer Aug 18 Buy 10.46 19,100 199,786 3,669,707 Aug 19 04:52 PM
RKT Farner Jay Chief Executive Officer Aug 19 Buy 9.82 20,300 199,346 3,690,007 Aug 19 04:52 PM
RKT Farner Jay Chief Executive Officer Aug 15 Buy 10.54 18,900 199,206 3,624,307 Aug 17 05:23 PM
RKT Farner Jay Chief Executive Officer Aug 16 Buy 10.82 14,900 161,218 3,639,207 Aug 17 05:23 PM
RKT Farner Jay Chief Executive Officer Aug 17 Buy 10.96 11,400 124,944 3,650,607 Aug 17 05:23 PM
RKT Farner Jay Chief Executive Officer Aug 11 Buy 10.85 18,300 198,555 3,586,707 Aug 12 04:26 PM
RKT Farner Jay Chief Executive Officer Aug 12 Buy 10.68 18,700 199,716 3,605,407 Aug 12 04:26 PM
RKT Farner Jay Chief Executive Officer Aug 09 Buy 9.69 20,700 200,583 3,548,607 Aug 10 04:38 PM
RKT Farner Jay Chief Executive Officer Aug 10 Buy 10.06 19,800 199,188 3,568,407 Aug 10 04:38 PM
RKT Farner Jay Chief Executive Officer Aug 04 Buy 10.30 19,400 199,820 3,486,607 Aug 08 05:15 PM
RKT Farner Jay Chief Executive Officer Aug 05 Buy 9.68 20,600 199,465 3,507,207 Aug 08 05:15 PM
RKT Farner Jay Chief Executive Officer Aug 08 Buy 9.60 20,700 198,720 3,527,907 Aug 08 05:15 PM
RKT Farner Jay Chief Executive Officer Aug 01 Buy 9.72 20,500 199,260 3,427,507 Aug 03 04:35 PM
RKT Farner Jay Chief Executive Officer Aug 02 Buy 9.87 20,200 199,374 3,447,707 Aug 03 04:35 PM
RKT Farner Jay Chief Executive Officer Aug 03 Buy 10.24 19,500 199,680 3,467,207 Aug 03 04:35 PM
RKT Farner Jay Chief Executive Officer Jul 28 Buy 9.57 20,800 199,056 3,386,007 Jul 29 05:13 PM
RKT Farner Jay Chief Executive Officer Jul 29 Buy 9.49 21,000 199,290 3,407,007 Jul 29 05:13 PM
RKT Farner Jay Chief Executive Officer Jul 25 Buy 9.54 20,900 199,386 3,322,207 Jul 27 05:12 PM
RKT Farner Jay Chief Executive Officer Jul 26 Buy 9.28 21,500 199,520 3,343,707 Jul 27 05:12 PM
RKT Farner Jay Chief Executive Officer Jul 27 Buy 9.28 21,500 199,520 3,365,207 Jul 27 05:12 PM
RKT Farner Jay Chief Executive Officer Jul 21 Buy 9.60 20,800 199,680 3,280,607 Jul 22 04:26 PM
RKT Farner Jay Chief Executive Officer Jul 22 Buy 9.64 20,700 199,548 3,301,307 Jul 22 04:26 PM
RKT Farner Jay Chief Executive Officer Jul 18 Buy 9.11 21,900 199,509 3,216,807 Jul 20 05:16 PM
RKT Farner Jay Chief Executive Officer Jul 19 Buy 9.20 21,700 199,640 3,238,507 Jul 20 05:16 PM
RKT Farner Jay Chief Executive Officer Jul 20 Buy 9.40 21,300 200,220 3,259,807 Jul 20 05:16 PM
RKT Farner Jay Chief Executive Officer Jul 14 Buy 8.54 23,400 199,836 3,172,507 Jul 15 04:58 PM
RKT Farner Jay Chief Executive Officer Jul 15 Buy 8.91 22,400 199,584 3,194,907 Jul 15 04:58 PM
RKT Farner Jay Chief Executive Officer Jul 11 Buy 8.64 23,100 199,584 3,103,107 Jul 13 04:43 PM
RKT Farner Jay Chief Executive Officer Jul 12 Buy 8.73 22,900 199,917 3,126,007 Jul 13 04:43 PM
RKT Farner Jay Chief Executive Officer Jul 13 Buy 8.65 23,100 199,815 3,149,107 Jul 13 04:43 PM
RKT Farner Jay Chief Executive Officer Jul 07 Buy 8.67 23,000 199,410 3,057,007 Jul 08 04:45 PM
RKT Farner Jay Chief Executive Officer Jul 08 Buy 8.69 23,000 199,870 3,080,007 Jul 08 04:45 PM
RKT Farner Jay Chief Executive Officer Jul 05 Buy 7.85 25,400 199,390 3,010,807 Jul 06 04:56 PM
RKT Farner Jay Chief Executive Officer Jul 06 Buy 8.57 23,200 198,824 3,034,007 Jul 06 04:56 PM
RKT Farner Jay Chief Executive Officer Jun 30 Buy 7.35 27,200 199,920 2,959,107 Jul 01 04:48 PM
RKT Farner Jay Chief Executive Officer Jul 01 Buy 7.61 26,300 200,143 2,985,407 Jul 01 04:48 PM
RKT Farner Jay Chief Executive Officer Jun 27 Buy 7.73 25,800 199,434 2,878,107 Jun 29 04:55 PM
RKT Farner Jay Chief Executive Officer Jun 28 Buy 7.60 26,200 199,120 2,904,307 Jun 29 04:55 PM
RKT Farner Jay Chief Executive Officer Jun 29 Buy 7.22 27,600 199,272 2,931,907 Jun 29 04:55 PM
RKT Farner Jay Chief Executive Officer Jun 23 Buy 7.15 27,900 199,485 2,826,307 Jun 24 04:29 PM
RKT Farner Jay Chief Executive Officer Jun 24 Buy 7.69 26,000 199,940 2,852,307 Jun 24 04:29 PM
RKT Farner Jay Chief Executive Officer Jun 21 Buy 6.73 29,700 199,881 2,769,807 Jun 22 04:43 PM
RKT Farner Jay Chief Executive Officer Jun 22 Buy 6.97 28,600 199,342 2,798,407 Jun 22 04:43 PM
RKT Farner Jay Chief Executive Officer Jun 16 Buy 6.54 30,600 200,124 2,709,007 Jun 17 04:39 PM
RKT Farner Jay Chief Executive Officer Jun 17 Buy 6.46 31,100 200,906 2,740,107 Jun 17 04:39 PM
RKT Farner Jay Chief Executive Officer Jun 13 Buy 7.36 27,200 200,192 2,621,107 Jun 15 05:21 PM
RKT Farner Jay Chief Executive Officer Jun 14 Buy 7.00 28,500 199,500 2,649,607 Jun 15 05:21 PM
RKT Farner Jay Chief Executive Officer Jun 15 Buy 6.99 28,800 201,312 2,678,407 Jun 15 05:21 PM
RKT Farner Jay Chief Executive Officer Jun 09 Buy 8.50 23,500 199,750 2,569,007 Jun 10 04:39 PM
RKT Farner Jay Chief Executive Officer Jun 10 Buy 8.02 24,900 199,698 2,593,907 Jun 10 04:39 PM
RKT Farner Jay Chief Executive Officer Jun 06 Buy 8.66 23,100 200,046 2,498,707 Jun 08 04:47 PM
RKT Farner Jay Chief Executive Officer Jun 07 Buy 8.48 23,500 199,280 2,522,207 Jun 08 04:47 PM
RKT Farner Jay Chief Executive Officer Jun 08 Buy 8.58 23,300 199,914 2,545,507 Jun 08 04:47 PM
RKT Farner Jay Chief Executive Officer Jun 02 Buy 8.88 22,500 199,800 2,452,207 Jun 03 04:45 PM
RKT Farner Jay Chief Executive Officer Jun 03 Buy 8.54 23,400 199,836 2,475,607 Jun 03 04:45 PM
RKT Farner Jay Chief Executive Officer May 31 Buy 9.21 21,700 199,857 2,407,207 Jun 01 05:14 PM
RKT Farner Jay Chief Executive Officer Jun 01 Buy 8.86 22,500 199,350 2,429,707 Jun 01 05:14 PM
RKT Farner Jay Chief Executive Officer May 23 Buy 8.81 22,600 199,106 2,297,407 May 25 04:49 PM
RKT Farner Jay Chief Executive Officer May 24 Buy 8.67 23,000 199,410 2,320,407 May 25 04:49 PM
RKT Farner Jay Chief Executive Officer May 25 Buy 8.93 22,400 200,032 2,342,807 May 25 04:49 PM
RKT Farner Jay Chief Executive Officer May 19 Buy 8.91 22,400 199,584 2,252,207 May 20 04:30 PM
RKT Farner Jay Chief Executive Officer May 20 Buy 8.81 22,600 199,106 2,274,807 May 20 04:30 PM
RKT Farner Jay Chief Executive Officer May 16 Buy 8.43 23,700 199,791 2,184,007 May 18 04:24 PM
RKT Farner Jay Chief Executive Officer May 17 Buy 8.69 23,000 199,870 2,207,007 May 18 04:24 PM
RKT Farner Jay Chief Executive Officer May 18 Buy 8.74 22,800 199,272 2,229,807 May 18 04:24 PM
RKT Farner Jay Chief Executive Officer May 12 Buy 7.57 26,400 199,848 2,136,007 May 13 04:28 PM
RKT Farner Jay Chief Executive Officer May 13 Buy 8.22 24,300 199,746 2,160,307 May 13 04:28 PM
RKT Farner Jay Chief Executive Officer May 09 Buy 8.40 23,800 199,920 2,057,707 May 11 04:44 PM
RKT Farner Jay Chief Executive Officer May 10 Buy 7.86 25,300 198,858 2,083,007 May 11 04:44 PM
RKT Farner Jay Chief Executive Officer May 11 Buy 7.52 26,600 200,032 2,109,607 May 11 04:44 PM
RKT Farner Jay Chief Executive Officer May 05 Buy 8.90 22,400 199,360 2,010,407 May 06 04:40 PM
RKT Farner Jay Chief Executive Officer May 06 Buy 8.48 23,500 199,280 2,033,907 May 06 04:40 PM
RKT Farner Jay Chief Executive Officer May 02 Buy 8.96 22,300 199,808 1,944,707 May 04 05:09 PM
RKT Farner Jay Chief Executive Officer May 03 Buy 9.26 21,600 200,016 1,966,307 May 04 05:09 PM
RKT Farner Jay Chief Executive Officer May 04 Buy 9.21 21,700 199,857 1,988,007 May 04 05:09 PM
RKT Farner Jay Chief Executive Officer Apr 28 Buy 8.76 22,800 199,728 1,900,207 Apr 29 05:20 PM
RKT Farner Jay Chief Executive Officer Apr 29 Buy 8.98 22,200 199,356 1,922,407 Apr 29 05:20 PM
RKT Farner Jay Chief Executive Officer Apr 25 Buy 9.21 21,700 199,857 1,832,407 Apr 27 04:41 PM
RKT Farner Jay Chief Executive Officer Apr 26 Buy 8.99 22,200 199,578 1,854,607 Apr 27 04:41 PM
RKT Farner Jay Chief Executive Officer Apr 27 Buy 8.75 22,800 199,500 1,877,407 Apr 27 04:41 PM
RKT Farner Jay Chief Executive Officer Apr 21 Buy 9.33 21,200 197,796 1,788,307 Apr 22 04:53 PM
RKT Farner Jay Chief Executive Officer Apr 22 Buy 8.93 22,400 200,032 1,810,707 Apr 22 04:53 PM
RKT Farner Jay Chief Executive Officer Apr 19 Buy 9.33 21,400 199,662 1,745,707 Apr 20 05:02 PM
RKT Farner Jay Chief Executive Officer Apr 20 Buy 9.34 21,400 199,876 1,767,107 Apr 20 05:02 PM
RKT Farner Jay Chief Executive Officer Apr 14 Buy 9.50 21,000 199,500 1,702,707 Apr 18 04:32 PM
RKT Farner Jay Chief Executive Officer Apr 18 Buy 9.25 21,600 199,800 1,724,307 Apr 18 04:32 PM
RKT Farner Jay Chief Executive Officer Apr 11 Buy 9.82 20,300 199,346 1,640,507 Apr 13 05:23 PM
RKT Farner Jay Chief Executive Officer Apr 12 Buy 9.77 20,400 199,308 1,660,907 Apr 13 05:23 PM
RKT Farner Jay Chief Executive Officer Apr 13 Buy 9.57 20,800 199,056 1,681,707 Apr 13 05:23 PM
RKT Farner Jay Chief Executive Officer Apr 07 Buy 9.88 22,200 219,336 1,599,807 Apr 08 05:05 PM
RKT Farner Jay Chief Executive Officer Apr 08 Buy 9.80 20,400 199,920 1,620,207 Apr 08 05:05 PM
RKT Farner Jay Chief Executive Officer Apr 04 Buy 11.52 8,600 99,072 1,539,907 Apr 06 05:03 PM
RKT Farner Jay Chief Executive Officer Apr 05 Buy 10.95 18,200 199,290 1,558,107 Apr 06 05:03 PM
RKT Farner Jay Chief Executive Officer Apr 06 Buy 10.24 19,500 199,680 1,577,607 Apr 06 05:03 PM
RKT Farner Jay Chief Executive Officer Mar 31 Buy 11.19 8,900 99,591 1,518,207 Apr 01 04:44 PM
RKT Farner Jay Chief Executive Officer Apr 01 Buy 11.04 13,100 144,624 1,531,307 Apr 01 04:44 PM
RKT Farner Jay Chief Executive Officer Mar 30 Buy 11.20 8,900 99,645 1,509,307 Mar 30 04:32 PM

JP Morgan slashes it’s price target for RKT to $8.50 from $11.00

7:18 AM Eastern Newswire

Does anyone have RKT as their mortgage lender? Please speak up....tia

CEO of Rocket Companies
Jay Farner
@JDFarner

I'm excited to share that I have a plan in place to personally purchase up to $36 million of
@RocketCompanies
stock throughout 2022. Our platform and team members are second-to-none. The $RKT ecosystem continues to grow and I am confident in our continued success.
7:16 AM · Mar 21, 2022·Twitter for iPhone

https://twitter.com/JDFarner/status/1505896191585832966?cxt=HHwWjMCygfKmguYpAAAA

Actually it’s called FUGLY . Financially ugly. This is going back down to $6.50 sooner than later.

Looking really ugly here this morning again!

Down big today!!! 10 year treasury back on the way up over 3.00%

Mortgage lenders aren’t making any money right now. There aren’t as many fees to collect due the lower number of units being put through the loan pipeline.

The phones have stopped ringing for the brokers & bankers.

Sell RKT

Insiders continue to enrich themselves on Wall Street while the average gringo’s bank account says zero with high gas prices, high food prices, high airline fares, high hotel prices, & high home prices. Welcome to wall street where shares get created out of thin air! Jonathan Mariner who hasn’t even been with the company for 2 years was gifted a quarter million in stock at $6.98 share.

What do you think that's about?

Sure, He's been accumulating thru a trading plan

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 28, 2022.

But that's a hefty trading plan going on!

https://www.sec.gov/edgar/browse/?CIK=0001816502

Farner buying more shares

https://www.nasdaq.com/articles/wednesday-8-10-insider-buying-report%3A-bsm-rkt

There’s the RKT I know

Dropping like a rock after hours .

Rocket Loans Begins Powering Rocket Solar with New Lending Program

Latest offering by Rocket Loans highlights the power of the company's technology that can be used for a wide range of financial products

DETROIT, Aug. 2, 2022 /PRNewswire/ -- Rocket Loans, a leading tech-driven lending platform and part of Rocket Companies (NYSE: RKT), today announced it has partnered with Rocket Solar to provide financing to the company's clients who want to help the environment and save money by generating their own electricity with the power of the sun. Launched earlier this year, Rocket Solar provides consulting, system design, financing, installation and ongoing service to homeowners across the United States.

Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. (PRNewsfoto/Rocket Companies)

Through the new relationship, clients who elect to have a solar electricity system installed will have the ability to leverage Rocket Loans' AI-powered, customer-centric lending platform to receive an automated and individualized loan offer for a solar loan in less than 30 seconds.

"We have invested heavily in creating an entire personal finance experience that leverages artificial intelligence and machine learning to deliver loan offers tailored to the individual – automatically verifying client identity and income with speed and certainty," said Todd Lunsford, President of Rocket Loans and former Chief Technology Officer for Rocket Mortgage. "Even more impressive, while making quick and automated decisions, Rocket Loans technology helps us accurately determine our clients' ability to repay the loans, with default rates and loss coverage ratios that are significantly better than any other personal lending platform on the market today."

Founded in 2016, Detroit-based Rocket Loans was created to leverage a single, automated technology platform – using artificial intelligence – to offer clients a simple, fast and intuitive experience that would fit any loan product and be tailored to the specific need. Since that time, the company has grown to meet the lending needs of consumers, has provided automated data intelligence technology to the federal government and is now adding Rocket Solar to its list of clients.

"It was incredibly important to Rocket Solar that we partner with a lender who shares the same passion for client service we do," said Joel Gurman, President of Rocket Solar. "The Rocket Loans platform is able to give our solar clients quick lending decisions and is also extremely flexible to meet the needs of our rapidly growing business. This partnership is the latest example of how Rocket creates technologies to make once-complicated transactions simple – something our clients tell us they really appreciate."

Rocket Solar currently operates in 42 metro areas across the country, which account for nearly 25% of the American population. Clients utilizing Rocket Solar could achieve an average savings of $1,300 on their electric bill during the first year leveraging solar energy. They also protect themselves against future cost increases from public utilities by generating their own electricity.

The solar industry is growing rapidly, with a 30 percent annual increase in solar panel installations in 2021. Additionally, in September 2021, the U.S. Department of Energy (DOE) released the Solar Futures Study. In its forecast, the DOE said that, by 2035, solar energy could power 40 percent of the nation's electricity – the equivalent of all homes in the U.S. today. This provides significant opportunity for Rocket Solar and Rocket Loans in the years and decades ahead by solidifying its position as the go-to choice for consumers seeking a simple, reliable and streamlined process.

To learn more about the company, solar installation and financing, visit www.rocketsolar.com.

About Rocket Loans:

Founded in 2016, Rocket Loans is an AI-enabled lending platform, designed to provide saleable and flexible loan decisioning to clients in any industry. Part of Rocket Companies (NYSE: RKT), the company's platform delivers near-instant loan decisioning and personalized options for clients, while maintaining industry leading loan performance. Learn more at http://www.RocketLoans.com.

About Rocket Solar

Rocket Solar is a tech-driven, residential solar energy provider and a part of Rocket Companies (NYSE: RKT). The company's website gives a personalized quote showing the estimated energy cost savings and the price of installation in less than 30 seconds. Founded in 2022, the company currently offers solar panels on homes in 42 major markets across 16 states, making up a quarter of the American population. See more information and inquiry about solar panel installation at http://www.RocketSolar.com

About Rocket Companies

Founded in 1985, Rocket Companies is a Detroit-based FinTech platform company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Amrock, Rocket Auto, Rocket Loans, Rocket Money (formerly known as Truebill), Rocket Solar, Rocket Mortgage Canada (formerly known as Edison Financial), Lendesk, Core Digital Media, Rocket Central and Rock Connections.

Rocket Companies' mission is to be the best at creating certainty in life's most complex moments so that its clients can live their dreams. The Company helps clients achieve the dream of home ownership and financial freedom through industry-leading client experiences powered by its simple, fast and trusted digital solutions. Rocket Companies ranked #7 on Fortune's list of the "100 Best Companies to Work For" in 2022 and has placed in the top third of the list for 19 consecutive years. For more information, please visit our Corporate Website or Investor Relations Website.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/rocket-loans-begins-powering-rocket-solar-with-new-lending-program-301597922.html

SOURCE Rocket Companies, Inc.


Copyright 2022 PR Newswire

America's Largest Mortgage Brand Brings Innovation to Canada as Edison Financial Changes Name to Rocket Mortgage
July 12, 2022 (PR Newswire)

Rocket Mortgage in Canada will deliver a tech-driven client experience to revolutionize the mortgage process for Canadians, just as its sister company has done in the U.S.

Edison Financial, a rapidly expanding digital mortgage broker, today announced it will officially change its name to Rocket Mortgage Canada on August 8, 2022, doing business under the brand Rocket Mortgage throughout the country. The move is more than a rebrand, the change reflects the company's mission to revolutionize the Canadian mortgage industry with an emphasis on harnessing technology to simplify the home loan process, just as sister company under the Rocket Companies (NYSE:RKT), Rocket Mortgage, LLC, has done successfully in the U.S.

"Our mission when we launched over two years ago was to use technology to improve the mortgage experience in Canada, making life easier for homebuyers and homeowners," said Hash Aboulhosn, President of Rocket Mortgage in Canada. "Today's announcement is the first step in bringing Canadians a vastly-improved mortgage process through technology, innovation and client service. I'm excited for what's to come as we continue to positively impact the way Canadians view getting a home loan."

Windsor-based Edison Financial began serving clients in March 2020 and has already reached $1 billion (CAD) in annualized submitted volume - making it the first mortgage brokerage in Canada to reach that milestone so quickly.

The company demonstrated the strength of its business model as it expanded from offering home loans in Ontario, at launch, to now providing mortgages in every province - primarily from its headquarters in downtown Windsor. The Edison Financial team has grown along with the company, starting with just four team members in early 2020 to more than 140 at present.

"In America, Rocket Mortgage is synonymous with industry-leading, proprietary technology that creates an unmatched client experience. We've spent the last 37 years defining and redefining the way mortgages should be done in the U.S. - and now we have the opportunity through this rebrand to share everything we've learned with our neighbors to the north," said Bob Walters, CEO of Rocket Mortgage in the U.S. "Our process removes the complexity of getting a home loan - replacing it with a fast, enjoyable experience. This is something that has been lacking in the Canadian market, and we are eager to help our sister company show Canadians just how simple getting a mortgage can be."

Today, Edison Financial is a mortgage brokerage with access to thousands of loan products from more than 50 lenders. The company works closely with banks and lenders to match clients with the best product for their financial needs.

In addition to changing its name, Rocket Mortgage also announced plans to become a direct lender in Canada later this year. The company's agents regularly speak with clients from all walks of life, putting Rocket Mortgage in the unique position to utilize the insights gained from those conversations to develop impactful loan products to meet client needs.

After becoming a lender in Canada, Rocket Mortgage will continue offering options from other lender partners alongside its own products - connecting homebuyers with the best solution for their individual circumstance.

Edison Financial's appetite for growth, and building strong solutions for homeowners and buyers, is a direct reflection of the company's commitment to revolutionizing the Canadian mortgage market. Clients who are currently in the mortgage process will not be affected by the name change.

Canadians can visit RocketMortgage.ca for more information or to apply for a home loan.

About Edison Financial / Rocket Mortgage

Edison Financial is a digital mortgage broker and a part of Rocket Companies (NYSE: RKT). Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer technology brands including Rocket Mortgage, LLC, the largest mortgage lender in the U.S. Founded in 2020, Edison Financial aims to transform and modernize the mortgage experience in Canada by providing a streamlined process for individuals looking to purchase a home or refinance their mortgage. Edison Financial's mortgage agents aim to deliver the highest level of client service. For more information, or to apply for a mortgage, visit EdisonFinancial.ca.

About Rocket Mortgage, LLC

Detroit-based Rocket Mortgage, the U.S.'s largest home mortgage lender and part of Rocket Companies (NYSE: RKT), enables the American Dream of homeownership and financial freedom through its obsession with an industry-leading, digital-driven client experience. In late 2015, it introduced the first fully digital, completely online mortgage experience. Rocket Mortgage closed $351 billion dollars of mortgage volume across all 50 states in 2021.

Rocket Mortgage moved its headquarters to downtown Detroit in 2010. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix and operates a centralized loan processing facility in Detroit. Rocket Mortgage ranked highest in the country for customer satisfaction for mortgage servicing by J.D. Power the past eight straight years, 2014 - 2021.

Rocket Companies, Rocket Mortgage's parent company, ranked #7 on Fortune's list of the "100 Best Companies to Work For" in 2022 and has placed in the top third of the list for 19 consecutive years.

For more information and company news visit RocketMortgage.com/PressRoom.

About Rocket Companies

Rocket Companies is a Detroit-based FinTech platform company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Amrock, Rocket Auto, Rocket Loans, Truebill, Lendesk, Edison Financial, Core Digital Media, Rocket Central and Rock Connections.

Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. The Company offers industry-leading client experiences powered by its simple, fast and trusted digital solutions. Rocket Companies ranked #7 on Fortune's list of the "100 Best Companies to Work For" in 2022 and has placed in the top third of the list for 19 consecutive years. For more information, please visit our Corporate Website or Investor Relations Website.

https://c212.net/c/img/favicon.png?sn=DE13380&sd=2022-07-12

View original content:https://www.prnewswire.com/news-releases/americas-largest-mortgage-brand-brings-innovation-to-canada-as-edison-financial-changes-name-to-rocket-mortgage-301584480.html

SOURCE Edison Financial

https://rt.prnewswire.com/rt.gif?NewsItemId=DE13380&Transmission_Id=202207120800PR_NEWS_USPR_____DE13380&DateId=20220712

RKT 8.13 Gap

Rocket Companies stock climbs after Wells Fargo upgrades to Overweight

Jul. 06, 2022 8:22 AM ETRocket Companies, Inc. (RKT)By: Max Gottlich, SA

https://seekingalpha.com/news/3854535-rocket-companies-stock-climbs-after-wells-fargo-upgrades-to-overweight

Rocket Companies (NYSE:RKT) shares are rising 4.5% in Wednesday premarket trading after Wells Fargo analyst Donald Fandetti upgraded the fintech to Overweight from Equal Weight.

Fandetti pointed out that Rocket (RKT), which is known for its tech-driven mortgage lending business Rocket Mortgage, stands to benefit from the "dislocation" in the residential mortgage market, he wrote in a note to clients.

"We now see a better risk/reward for the stock in a sector where negative sentiment may have peaked," Fandetti said. "And as capacity comes out of the origination market, we should see margins further stabilize and at some point increase modestly," he added.

Furthermore, Rocket (RKT) could be poised to gain market share over time given its scale, while "many mortgage companies continue to struggle and lose market share, as well as be forced to sell attractive mortgage servicing right," the note said. Fandetti is expecting Rocket's market share to fall to 6.6% in 2022 from 8.8% in 2021 and then ticking up to 6.7% in 2023.

In turn, the analyst is lifting his 2023 EPS estimate to $0.75 vs. $0.65 in the prior view. By comparison, a group of 15 analysts see next year's EPS at $0.74, a Y/Y jump of 108.54%.

In the beginning of June, SA's Quant Rating viewed Rocket Companies stock at high risk of performing badly due to declining growth and decelerating momentum.

Down big again in pre market . High bid $7.00- the money has already been made in the mortgage business & investors had chance to get out when this hit $30- 40 one year ago. The fed is raising rates so the mortgage market is dead for a very long time to come. Gilbert has made enough billions anyway. Greedy SOB.

He has been very busy

https://www.sec.gov/edgar/browse/?CIK=0001816502

He has bought 1.3M shares at approximately 10m dollars ever since he has announced purchase.. He already owned 1.5m shares b4 he announced

He has another 26m dollar worth of purchases to go...

RKT CEO Jay Farner purchased 27,900 shares on Thursday, June 23rd. The shares were acquired at an average cost of $7.15 per share, with a total value of $199,485.00. Following the transaction, the chief executive officer now directly owns 2,826,307 shares in the company, valued at $20,208,095.05.

https://www.defenseworld.net/2022/06/26/insider-buying-rocket-companies-inc-nyserkt-ceo-buys-27900-shares-of-stock.html

Mortgage Brokers / Lenders are nothing without the fed pumping low rates into the economy.

Mortgage demand lowest in 22 years !! Gilbert should get out of the business he’s like 65 years old move on with life. Truebill acquisition was a waste of money. Short sellers in full control here.

https://www.cnbc.com/2022/06/08/mortgage-demand-falls-to-the-lowest-level-in-22-years.html

RKT: "We feel strongly there will be a recession here in the coming quarters"

https://finance.yahoo.com/video/rocket-ceo-feel-strongly-recession-133528164.html

$4 almost here !! Let’s go baby!!! Farner down huge on his purchases !!! You can’t make this up!! Get the cash ready cause going to need it !!!

$RKT News: Rocket Companies Announces First Quarter Results
4:05 pm ET May 10, 2022 (PR Newswire)

-- Generated Q1 net revenue of $2.7 billion and Adjusted Revenue of $1.9 billion
-- Delivered Q1 net income of $1.0 billion and Adjusted Net Income of $293 million
-- Achieved best Q1 purchase and cash-out refinance originations in Rocket Companies' history

Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage and financial services businesses - including Rocket Mortgage, Rocket Homes, Truebill and Rocket Auto - today announced results for the quarter ended March 31, 2022.

Click here for full release:
https://www.prnewswire.com/news-releases/rocket-companies-announces-first-quarter-results-301544241.html

This company is going to go out of business or Gilbert will sell soon before the valuation gets any lower. The mortgage market is done very small amount of people signing up for 30 year fix at 6%. It will be interesting to see what happens here as no signs of short squeeze due to higher global yields .

Back under $9 - this trades like a penny stock!

You can love it with $PUTS$$!

$RKT News: Rocket Companies Announces First Quarter 2022 Earnings Date

DETROIT, April 26, 2022 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), a Detroit-based FinTech platform company consisting of tech-driven real estate, mortgage, and financial services businesses – including Rocket Mortgage, Rocket Homes, Rocket Auto and Truebill – today announced the Company will issue its first quarter 2022 earnings on May 10, 2022. Management will host a conference call to discuss results at 4:30pm ET on this date, and a press release detailing the Company's results will be issued prior to the call.

A live webcast of the event will be available online at ir.rocketcompanies.com, or by navigating to Rocket Companies' 1Q Earnings Call Webcast. A replay of the webcast will be available on the Investor Relations website following the conclusion of the event. If you are having issues viewing the webcast, please see the event help guide.

About Rocket Companies

Rocket Companies is a Detroit-based FinTech platform company consisting of personal finance and consumer technology brands including Rocket Mortgage, Rocket Homes, Amrock, Rocket Auto, Rocket Loans, Truebill, Lendesk, Edison Financial, Core Digital Media, Rocket Central and Rock Connections.

Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. The Company offers industry-leading client experiences powered by its simple, fast and trusted digital solutions. Rocket Companies has approximately 26,000 team members across the United States and Canada. Rocket Companies ranked #7 on Fortune's list of the "100 Best Companies to Work For" in 2022, ranking in the top third of the list for 19 consecutive years. For more information, please visit RocketCompanies.com or the Investor Relations Website.

SOURCE Rocket Companies, Inc.

I hate this stock. But if it hits four I’m a buyer.

$4 coming !! If it ends up hitting $4 they should make me a moderator on this board since I’m right all the time with my predictions here.

But folks know it’s going up so refinancing i know so many that are just a thought thanks for you’re input

The money is better off in your pocket as the 30 year fix mortgage interest rate is heading to 7 percent this summer so really low production out of mortgage lenders like RKT & only desperate people will be taking that deal .

Was thinking buying here for earnings surprise since all is refinancing and licking in gains from house market

Every day this hits another 52 week low lol

Farner already down big on his purchases! One Twitter user writes “the stock has done nothing but crater under your leadership? Why should shareholders trust anything you say moving forward?”

This is a $4 stock .

Notice any sudden stops on the way down, had we any? We'da gone through the floor. Any sudden stops on the way up and wEEEEeeee! thru the roof

RKT chart continues to look like a ski slope. It's in the top 5 of disappointing stocks for me.

https://finance.yahoo.com/news/rocket-companies-rkt-dips-more-215009249.html

There is the red rocket I’m used to seeing !! Best Quote of all time on this RKT board !

This is one awful looking chart & the selling pressure will continue since interest rates are sky high right now . Anyone who bought this is under water on their investment & short sellers in Full control.