dropped more than 30% Wednesday following a surprise rally in the previous session, as Wall Street analysts raised red flags on the frenzy trading.
The stock ended Wednesday 32.7% lower at $28.01, giving back most of the gains in the previous session. Shares started the week at $21.85 apiece.Analysts started to urge caution in the heightened speculative trading in Rocket shares. JPMorgan said fundamental investors should take their chips off the table after the massive jump.
JPMorgan has an underweight rating on the company, and its $20 price target would translate into a 50% decline from Tuesday's close of $41.60.on Wednesday, citing "abnormal volatility" in the name. RBC's price target of $30 per share was unchanged, implying a decline of more than 27% for the stock.
I hope all of my stocks share the same fate as GME which is up 3000% this year.
This corrupt network is trying to bring the Dow under 30k
Another sell off engineered by CNBC to hurt retail and help their hedge fund partners
Just because WSB identifies a stock that has an opportunity to get squeezed doesn’t mean it’s a meme stock. Short squeezes happens everyday. $RKT is a solid company and a long term hold
my S
Isn’t it like the biggest mortgage company in the US?
thank you very much for your work
God for bringing bitcoin to man,it has being a great source of blessing to all of man kind who have passion for bitcoin trading. Now the poor are getting rich over night and the rich getting richer. kellybrian_ thank you for your proper management🙏🏻🙏🏻 .
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.