Rocket, UWM Holdings shares rise sharply in early trading By Reuters

© Reuters.

© Reuters. FILE PHOTO: FILE PHOTO: A banner celebrating the Rocket Companies Inc. IPO is seen on the front facade of the New York Stock Exchange in New York

(Reuters) – Shares of mortgage lenders UWM Holdings Corp and Rocket Companies rose in early deals on Wednesday, building on strong gains from the previous session, which was fueled by a small contraction in Rocket shares. Quicken Loans parent Rocket was up 6.2% to $ 44.12 in premarket trading, following Tuesday’s 71.5% increase. His shares have doubled this week as he gained popularity on internet message boards as a short-term candidate. UWM Holdings shares were trading 18.8% higher at $ 10.85.

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