Does Rocket Companies Stock Belong in Your Portfolio?
Rocket Companies (NYSE: RKT) -- the parent company of Quicken Loans and Rocket Mortgage -- is the largest home mortgage company in the country. While it is a familiar name to consumers, Rocket is new to investors, as stock in the company only began trading publicly in 2020. The stock went public in early August at $18 per share, and after an initial jump, the price settled back down and finished the year up about 2%.
Since the start of 2021, the stock price has gained about 8% and is trading at around $21 per share. Is Rocket ready for takeoff?
When a market leader comes to the market, it is worth your attention as an investor.
Source Fool.com
