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      Here is why Rocket Companies Inc. (RKT) stock popup in the after-hours on Thursday? - Stocks Telegraph

      By Asim Kamal

      Published on

      August 13, 2021

      5:42 AM UTC

      Here is why Rocket Companies Inc. (RKT) stock popup in the after-hours on Thursday? - Stocks Telegraph

      Rocket Companies Inc. (RKT) shares surged 6.58% in after-hours on Thursday, August 12, 2021, and closed the daily trading at $18.62. In the regular trading session of Thursday, RKT’s stock lost 0.80%. RKT shares have fallen 8.61% over the last 12 months, and they have moved down 0.23% in the past week. Over the past three months, the stock has gained 5.37%, while over the past six months, it has declined 11.57%.

      Let’s have a brief discussion about its recent developments.

      RKT recent financial results announcement

      On August 12, 2021, Rocket Companies, Inc. (RKT) announced results for the second quarter of 2021, which ended on June 30, 2021.

      Q2 2021 financial highlights

      • RKT reported net revenue of $2.7 billion in Q2 2021 compared to $5.07 billion in Q2 2020.
      • Total operating expenses were $1.60 billion inQ2 2021 compared to $1.55 billion in Q2 2020.
      • It reported a net income of $1.0 billion in Q2 2020, compared to $3.47 billion in Q2 2020.
      • Adjusted EBITDA was $1.3 billion during Q2 2021, compared to $3.841 billion in Q2 2020.

      RKT comprehensive suite of service

      On August 10, 2021, Rocket Homes, which is a part of Rocket Companies (RKT) announced to revolutionized the way home buying and selling is done in America by seamlessly integrating the tools, professionals and innovations needed to win in a red-hot housing market. Rocket Homes will be the first real estate company ever to create a wide array of choices for those in the market, putting clients in the position to create their own truly bespoke experience, rather than the traditional one-size-fits-all approach that has been the standard for more than a century.

      RKT green home energy plans

      On August 2, 2021, Rocket Companies (RKT) announced it is launching into the solar energy industry. The company will be leveraging the same technology, data and client experience that has revolutionized the mortgage, real estate and personal lending spaces to help Americans make their home more energy-efficient.

      The new solar offerings will start in the testing phase in the fourth quarter and are expected to be available to the public in early 2022.

      RKT home search tool availability

      On July 20, 2021, Rocket Homes announced its growing home search tool now includes listings from all 50 states. In addition to housing information on every major metropolitan area across the country, the home search tool also provides exclusive data-rich intelligence to ensure buyers are fully informed before making an offer on the home of their dreams.

      Conclusion

      RKT stock went up after its satisfactory financial results announcement yesterday. We hope that it will continue to perform well on Friday as well.

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