Rocket Cos. Announces $1 Billion Share Buyback Plan
November 10 2020 - 4:37PM
Dow Jones News
By Stephen Nakrosis
Rocket Cos. Inc. on Tuesday said its board of directors approved
a share repurchase program, under which the company may buy up to
$1 billion of its common stock.
Rocket said the new program will be in effect for two years.
The mortgage and financial services company has a market
capitalization of $42.55 billion, 100.37 million shares outstanding
and a public float of 87.39 million shares.
Rocket shares closed the day's regular-trading session with a
0.7% gain, reaching $21.60. After-hours, shares had moved lower. At
4:46 p.m. EST, the stock was trading 2.22% lower, at $21.12.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 10, 2020 17:22 ET (22:22 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
Rocket Companies (NYSE:RKT)
Historical Stock Chart
From Oct 2024 to Nov 2024
Rocket Companies (NYSE:RKT)
Historical Stock Chart
From Nov 2023 to Nov 2024
