Rocket Companies (RKT) delivered earnings and revenue surprises of 60% and 25.74%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
RKT stock was a heavily mentioned short squeeze candidate among the Wall Street Bets community.
Investors considering buying RKT stock today can follow these simple steps.
Rocket Companies Inc (NYSE: RKT) reported Thursday morning first quarter results that disappointed investors and sent RKT stock lower by 13%. The US-based online mortgage company was a short squeeze candidate shortly after its initial public offering.
Rocket Companies stock gained more than 70% in one day alone in early 2021 as the Wall Street Bets community capitalized on RKT short interest of around 40%. Now that Rocket Companies stock is down 15% after Thursday’s earnings miss, investors might be taking a second look at RKT stock amid expectations for a swift rebound.