{"id":509020,"date":"2021-07-01T15:03:12","date_gmt":"2021-07-01T19:03:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-rocket-companies-inc-rkt-on-behalf-of-investors\/"},"modified":"2021-07-01T15:03:12","modified_gmt":"2021-07-01T19:03:12","slug":"the-law-offices-of-frank-r-cruz-announces-investigation-of-rocket-companies-inc-rkt-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-law-offices-of-frank-r-cruz-announces-investigation-of-rocket-companies-inc-rkt-on-behalf-of-investors\/","title":{"rendered":"The Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. (RKT) on Behalf of Investors"},"content":{"rendered":"

<\/p>\n

The Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. (RKT) on Behalf of Investors<\/b><\/p>\n

LOS ANGELES–(BUSINESS WIRE<\/a>)–The Law Offices of Frank R. Cruz<\/a> announces an investigation of Rocket Companies, Inc. (\u201cRocket\u201d or the \u201cCompany\u201d) (NYSE: RKT<\/a>) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws.\n<\/p>\n

\nIf you are a shareholder who suffered a loss, click here<\/a> to participate.\n<\/p>\n

\nOn May 5, 2021, Rocket announced first quarter 2021 financial results and second quarter 2021 outlook in a press release, reporting that it expected closed loan volume within a range of only $82.5 billion and $87.5 billion and gain on sale margins within a range of only 2.65% to 2.95% for the second quarter of 2021. The midpoint of this gain on sale margin estimate represented a 239 basis point decline year-over-year and a 94 basis point decline sequentially, which was Rocket\u2019s lowest quarterly gain on sale margin in two years and reflected that favorable market conditions recently touted by the Company had in fact reversed.\n<\/p>\n

\nOn this news, the Company\u2019s stock price fell $3.79, or nearly 17%, to close at $19.01 per share on May 6, 2021.\n<\/p>\n

\nFollow us for updates on Twitter: twitter.com\/FRC_LAW<\/a>.\n<\/p>\n

\nIf you purchased Rocket securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com<\/a>, or visit our website at www.frankcruzlaw.com<\/a>. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.\n<\/p>\n

\nThis press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210701005814\/en\/<\/a><\/span><\/p>\n

\nThe Law Offices of Frank R. Cruz, Los Angeles
\n
Frank R. Cruz, 310-914-5007
\n
fcruz@frankcruzlaw.com
\n<\/a>
www.frankcruzlaw.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Legal Professional Services<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

The Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. (RKT) on Behalf of Investors LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Rocket Companies, Inc. (\u201cRocket\u201d or the \u201cCompany\u201d) (NYSE: RKT) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On May 5, 2021, Rocket announced first quarter 2021 financial results and second quarter 2021 outlook in a press release, reporting that it expected closed loan volume within a range of only $82.5 billion and $87.5 billion and gain on sale margins within a range of only 2.65% to 2.95% for the second quarter … <\/p>\n

Continue reading “The Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. (RKT) on Behalf of Investors”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509020","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nThe Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. 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(\u201cRocket\u201d or the \u201cCompany\u201d) (NYSE: RKT) on behalf of investors concerning the Company\u2019s possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On May 5, 2021, Rocket announced first quarter 2021 financial results and second quarter 2021 outlook in a press release, reporting that it expected closed loan volume within a range of only $82.5 billion and $87.5 billion and gain on sale margins within a range of only 2.65% to 2.95% for the second quarter … Continue reading "The Law Offices of Frank R. Cruz Announces Investigation of Rocket Companies, Inc. 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