Why Rocket Companies Stock Lost 29% Last Month
Shares of Rocket Companies (NYSE: RKT) were slumping last month after the recent IPO turned in an earnings report, its first as a publicly traded company, that didn't quite live up to investor expectations. According to data from S&P Global Market Intelligence, the stock finished the month down 29%.
As you can see from the chart below, the stock plunged early in the month on the earnings report and continued to slide as investors are still debating its valuation.
Source Fool.com