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Why UWM Holdings Stock Was Up 16.2% This Week

TheMotleyFool

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Why UWM Holdings Stock Was Up 16.2% This Week: https://g.foolcdn.com/editorial/images/723322/one-person-explaining-something-to-another.jpg

UWM Holdings (NYSE: UWMC) saw its stock price surge 16.2% this week, from last Friday's close through 11:00 a.m. EST today, according to S&P Global Market Intelligence. The share price had been up as much as 19.6% during the week. The stock is trading at about $4.83 per share as of Friday morning at 11:00 a.m. EST, up about 46% year to date.

Overall, the markets were up slightly this week: The S&P 500 gained 1.1%, the Dow Jones Industrial Average was up 0.9%, and the Nasdaq Composite was up 1.6% for the week as of this morning at 11:00 a.m. EST.

UWM Holdings is the parent company of United Wholesale Mortgage, the largest wholesale mortgage lender in the U.S.

Source Fool.com

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