Robinhood Investors Love Rocket. Should They?
When Rocket (NYSE: RKT) went public in August, it drew instant interest from investors, both for its market-leading position in mortgage lending and its brand power as the parent of Quicken Loans. On the newbie-friendly trading platform Robinhood, more than 54,000 people bought shares, the most of any stock that day. Today, Rocket remains one of the site's most popular stocks.
Since the launch of the IPO of $18 per share, the stock has gone up slightly to around $22 per share. And the company just reported strong third-quarter earnings. Are these Robinhood investors on to something?
Source Fool.com
