Tag: rocket companies

Is Rocket Companies’ Stock Overvalued or Undervalued?

December 21, 2021
Business & EconomyCompaniesInvestmentMarketsrocket companiesstock
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Rocket Companies Inc. shares have lagged the S&P 500 in 2021, generating a year-to-date total return loss of 28.5 percent. Rocket stock has had a wild ride since its 2020 IPO, but investors may be wondering whether there’s any value in Rocket shares after the recent pullback. Earnings A price-to-earnings ratio (PE) is one of…

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Why Did Rocket Companies Buy Truebill for $1.3 Billion?

December 21, 2021
Business & EconomyCompaniesmortgagerocket companies
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Rocket Companies Inc. announced Monday it will buy the personal finance app Truebill for $1.275 billion in cash. “This allows us to complete this important component of our platform,” Rocket Companies CEO Jay Farner said on CNBC’s “Squawk On The Street.” Truebill will allow Rocket Companies to keep people engaged with the company’s funnel even when they are not in…

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