Rocket Cos. Shares Rise as Citron Touts Mr. Cooper Acquisition

Shares of financial services company Rocket Companies Inc. gain as much as 7.5% after Citron Research called the company’s acquisition of mortgage servicer Mr. Cooper Group Inc. “underappreciated.”

• “This isn’t a rate play — it’s a conviction long,” the firm wrote in an X post on Tuesday. “Rocket is quietly using AI to modernize the most broken part of consumer finance: housing”
• Read More: Rocket Makes $11 Billion Bid to Dominate the Homebuying Process

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Peyton Forte in New York at pforte6@bloomberg.net

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Matt Turner at mturner107@bloomberg.net ...