Rocket Companies is a Detroit-based holding company consisting of personal finance and consumer service brands including Rocket Mortgage, Rocket Homes, Rocket Loans, Rocket Auto, Rock Central, Amrock, Core Digital Media, Rock Connections, Lendesk and Edison Financial. Since 1985, Rocket Companies has been obsessed with helping its clients achieve the American dream of home ownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by our simple, fast, and trusted digital solutions. Rocket Companies has 22,000 team members across the United States. Its flagship company, Rocket Mortgage, has been named to Fortune magazine's list of "100 Best Companies to Work For" for 17 consecutive years. for more information, please visit our Corporate Website, Investor Relations Website, Twitter page, and our LinkedIn page.
Sorry, guys--I don't internet so good! Anyhoo, they just announced a special Dividend of 1.11. I had this on my watchlist since I started my WeBull account and finally grabbed some in three batches the past few weeks. I love anything that says "We're changing the way (people do things!)"
The thing has been traveling in a channel for a few weeks now so you swingers and day-ers might want to watch. I may sell on a jump since I have to own as of March 9 in order to qualify for the divi. It is going to be a long hold for me, doesn't mean I can't play around here and there.
Been a lot of tree shaking, the special dividend caught a lot of the shorts off guard and if the influx of new buyers gets enough leverage we may just see a decent squeeze. You do not want to be short and hold on the xdate " you will pay the div to the lender" unless the downside is probable enough. We notice a couple downgrades to help their cause but it may be to late. Interest rates are STILL incredibly low. Will be interesting to see how this plays out until the xdate.
Rocket Companies shares are trading higher amid a potential short squeeze. The company last week reported strong Q4 results, including 162% revenue growth and 350% net income growth. Mar 2, 2021 11:15a ET
Un- Bee-Lievable. The volume is coming in so fast that my WeBull account freezes up for a few minutes at a time. I was going to be happy if it closed at 34 or 35, Now I won't be surprised to see 70.
I'm out. Got tired of changing my underwear and decided to just sit on the toilet. Good luck to those still in, at some point its best to realize those AMAZING GAINS and not be greedy.
Short squeeze boss man. Cat and mouse game. They build algos to track us, we build to track them. It runs, they cover, more go short, more buy long. Rinse and repeat. This one was a gift, it was highly shorted, the special dividend was announced caught them off guard and here we are. Whoever gets caught on xdate will also have to pay the dividend. I'm out for the night but will be watching CLOSELY. I am NOT a cat - but I love my CALLS.
