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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Rocket Companies (RKT) Stock Is Up, What You Need To Know

RKT Cover Image

What Happened?

Shares of fintech mortgage provider Rocket Companies (NYSE: RKT) jumped 3.9% in the afternoon session after the company announced an extension for its tender offers related to its pending acquisition of Mr. Cooper Group, signaling strong progress in the deal. 

The company extended the expiration date to September 30, 2025, for tender offers and exchange offers on several senior notes issued by Nationstar Mortgage Holdings, a subsidiary of Mr. Cooper. This move is not seen as a delay but rather as a necessary step to align the note purchases with the closing of the acquisition. Crucially, the offers have seen very high participation from noteholders, with acceptance rates ranging from approximately 88% to over 98% across different notes. This strong support from noteholders is a positive indicator, demonstrating their confidence in the transaction and helping to smooth the debt restructuring process required to finalize the acquisition of Mr. Cooper Group.

After the initial pop the shares cooled down to $17.80, up 3.8% from previous close.

Is now the time to buy Rocket Companies? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Rocket Companies’s shares are extremely volatile and have had 37 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was about 22 hours ago when the stock dropped 3.6% on the news that the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs. Investors reacted to a federal court ruling that most of President Trump's global tariffs were illegal, raising uncertainty over trade policy and the fiscal impact of potential refunds. Rising Treasury yields added to the pressure, with the 10-year climbing above 4.2% and the 30-year nearing 5%, intensifying worries about stretched equity valuations. 

September's historically weak track record for stocks further dampened sentiment, leaving traders cautious ahead of the jobs report later in the week and the Federal Reserve's upcoming rate decision.

Rocket Companies is up 64% since the beginning of the year, but at $17.80 per share, it is still trading 13.9% below its 52-week high of $20.67 from September 2024. Investors who bought $1,000 worth of Rocket Companies’s shares 5 years ago would now be looking at an investment worth $671.51.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

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