Rocket Companies (NYSE:RKT), a fintech mortgage firm, closed at $10.83, down 0.37%. The stock fell to a new 52-week low amid concerns about mortgage demand and high borrowing costs. Analysts at JPMorgan and Morgan Stanley also lowered their price targets on the stock, adding to t

Stock Market Today, Oct. 13: Rate Pressures and Analyst Downgrades Weigh on Rocket Companies

Key PointsRocket Companies encompasses mortgages, house-hunting, closing services, loans, and more.

Is Rocket Companies (RKT) Stock a Buy, Sell, or Hold Near Its 52-Week Low?

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The NASDAQ 100 After Hours Indicator is down -4.54 to 30,465.75.  The total After hours volume is currently 165,689,115 shares traded.The following are the most active stocks for the after hours session: Warner Bros. Discovery, Inc. (WBD) is -0.02 at $30.74, with 8,369,317 shares

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RKT hits a 52-week low as high mortgage rates, weak housing demand and rising costs pressure near-term growth despite long-term catalysts. 

Rocket Shares Touch 52-Week Low: Is it Time to Sell the Stock Now?

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Rocket Companies, Inc., a fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company offers Rocket Mortgage, a mortgage lender service; Redfin, a digital real estate brokerage and home search platform; Rocket Close, a digital experience for appraisal management, settlement, and title services; Rocket Money, a finance app that offers a suite of financial wellness services including subscription cancellation, budget management and credit score improvement; and Rocket Loans, a platform for personal loan. It also originates, closes, sells, and services agency-conforming loans; and provides Rocket Pro that works with mortgage brokers, community banks, and credit unions, to maintain own brand and client relationships. Rocket Companies, Inc. was founded in 1985 and is headquartered in Detroit, Michigan. Rocket Companies, Inc. was formerly a subsidiary of Rock Holdings Inc.

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