Rocket Cos Won't Be Blasting Off From Here
Let's check out the charts and indicators....RKT
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Richard Harris, a veteran of SparkPost, Oracle and AddThis, will lead the merged company, which said it will employ 144 people with no layoffs anticipated.
Still, the Detroit-based parent company of mortgage lending giant Rocket Mortgage said it had its best Q1 volume in purchase and cash out refinances.
Rocket Cos. Inc. in Detroit announced its first quarter results, which showed a net revenue of $2.7B and an adjusted revenue of $1.9B.
Rocket Mortgage and Amrock are offering buyouts to 8 percent of its workforce while Wells Fargo laid off employees last week.