Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Rocket Companies, Inc. (NYSE:RKT) shares are trading lower after Wedbush analyst Henry Coffey downgraded the stock from Neutral to Underperform and lowered the price target from $14 to $12.
Wedbush analyst Henry Coffey noted 'A look at the consensus view on residential mortgage (the combined outlooks of Fannie, Freddie, and the MBA) suggests that over the next several years, we are heading into exactly the sort of market for which RKT's well designed direct-to- consumer (DTC) platform is not optimized: a dramatic fall off in refinance/cash-out refinance and slowing levels of purchase-related mortgages.'
Rocket Companies engages in the tech-driven real estate, mortgage, and eCommerce businesses in the United States and Canada. It operates in two segments, Direct to Consumer and Partner Network. The company's solutions include Rocket Mortgage, Amrock, Rocket Homes, Rocket Auto, and Rocket Loans.
Rocket's stock was trading about 2.5% lower at $16.89 per share on Tuesday. The stock has a 52-week high of $43 and a 52-week low of $16.22.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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