{"id":518341,"date":"2021-07-27T12:56:20","date_gmt":"2021-07-27T16:56:20","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/abraham-fruchter-twersky-llp-investigating-claims-on-behalf-of-investors-of-rocket-companies-inc-nyserkt\/"},"modified":"2021-07-27T12:56:20","modified_gmt":"2021-07-27T16:56:20","slug":"abraham-fruchter-twersky-llp-investigating-claims-on-behalf-of-investors-of-rocket-companies-inc-nyserkt","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/abraham-fruchter-twersky-llp-investigating-claims-on-behalf-of-investors-of-rocket-companies-inc-nyserkt\/","title":{"rendered":"Abraham, Fruchter &amp; Twersky LLP Investigating Claims on Behalf of Investors of Rocket Companies, Inc. (NYSE:RKT)"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">NEW YORK, July  27, 2021  (GLOBE NEWSWIRE) &#8212; Abraham, Fruchter &amp; Twersky LLP is investigating claims on behalf of shareholders of Rocket Companies, Inc. (\u201cRocket\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws. Investors who purchased the Company\u2019s securities between February 25, 2021 and May 5, 2021, inclusive (the \u201cClass Period\u201d), are encouraged to contact the firm before August 30, 2021.<\/p>\n<p align=\"justify\">\n        <strong>If you would like to discuss this class action lawsuit or obtain more information about your rights, please contact Abraham, Fruchter &amp; Twersky LLP by contacting Sean M. Handron-O\u2019Brien at <\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4Y1KYpWdaSEv2TfKpkFsovG1pHKPImwk_O-r9zZfp3XUl5XhYZXY7spnLZdE_RcFLUuQa3q8lNq4E0L7UBXyiLILMzsGVRKdZw4Fsw7Vnc8=\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <strong>SHandronobrien@aftlaw.com<\/strong><br \/>\n        <\/a><br \/>\n        <strong> or by calling (212) 279-5050. <\/strong>\n      <\/p>\n<p align=\"justify\">On May 5, 2021, Rocket issued a press release announcing its first quarter results and second quarter outlook. Rocket reported that it was on track to achieve 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. At the mid-point, this gain on sale margin estimate equated to a 239basis point decline year-over-year and a 94basis point decline sequentially, which represented the Company\u2019s lowest quarterly gain on sale margin in two years. On this news, Rocket\u2019s Class A common stock price fell $3.79 per share, or 16.62%, to close at $19.01 per share on May 6, 2021. As the market continued to digest the news in the days that followed, Rocket\u2019s Class A common stock price continued to decline, falling to a low of just $16.48 per share by May 11, 2021.<\/p>\n<p align=\"justify\">Abraham, Fruchter &amp; Twersky LLP is a law firm based in New York and maintaining an office in California. The firm\u2019s attorneys have extensive experience litigating on behalf of shareholders in class action litigations involving corporate misconduct and has been ranked as a leading plaintiffs\u2019 securities litigation firm in the 2020 survey by ISS Securities Class Action Services. Please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lsuutRT6aFulwAiWIeLyxotqBBzHwr9n4Rt5XcZ-8YlgEmZ0Wr_Rbor4qyqlXLHu6ZKwJoVwI8Hg7TY05_ljzQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.aftlaw.com<\/a> for more information.<\/p>\n<p align=\"justify\">\n        <strong>Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Abraham, Fruchter &amp; Twersky LLP<br \/>Sean M. Handron-O\u2019Brien | <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=4Y1KYpWdaSEv2TfKpkFsovG1pHKPImwk_O-r9zZfp3UzLsfh2iQBT7ewWFeQeUBFJGslAMar-auYvcdvKeNq_Dv5Jhc7d44pqzw_Kngudew=\" rel=\"nofollow noopener\" target=\"_blank\">SHandronobrien@aftlaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4NzY1MCM0MzE3MzY4IzIwODgxNzQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/853e81c1-336a-4c35-bc5f-1bd4d5200cc0\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) &#8212; Abraham, Fruchter &amp; Twersky LLP is investigating claims on behalf of shareholders of Rocket Companies, Inc. (\u201cRocket\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws. Investors who purchased the Company\u2019s securities between February 25, 2021 and May 5, 2021, inclusive (the \u201cClass Period\u201d), are encouraged to contact the firm before August 30, 2021. If you would like to discuss this class action lawsuit or obtain more information about your rights, please contact Abraham, Fruchter &amp; Twersky LLP by contacting Sean M. Handron-O\u2019Brien at SHandronobrien@aftlaw.com or by calling (212) 279-5050. On May 5, 2021, Rocket issued a press release announcing its first quarter results and second quarter outlook. Rocket reported &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abraham-fruchter-twersky-llp-investigating-claims-on-behalf-of-investors-of-rocket-companies-inc-nyserkt\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Abraham, Fruchter &amp; Twersky LLP Investigating Claims on Behalf of Investors of Rocket Companies, Inc. (NYSE:RKT)&#8221;<\/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-518341","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Abraham, Fruchter &amp; Twersky LLP Investigating Claims on Behalf of Investors of Rocket Companies, Inc. (NYSE:RKT) - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/abraham-fruchter-twersky-llp-investigating-claims-on-behalf-of-investors-of-rocket-companies-inc-nyserkt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abraham, Fruchter &amp; Twersky LLP Investigating Claims on Behalf of Investors of Rocket Companies, Inc. (NYSE:RKT) - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, July 27, 2021 (GLOBE NEWSWIRE) &#8212; Abraham, Fruchter &amp; Twersky LLP is investigating claims on behalf of shareholders of Rocket Companies, Inc. (\u201cRocket\u201d or the \u201cCompany\u201d) for potential violations of the federal securities laws. Investors who purchased the Company\u2019s securities between February 25, 2021 and May 5, 2021, inclusive (the \u201cClass Period\u201d), are encouraged to contact the firm before August 30, 2021. If you would like to discuss this class action lawsuit or obtain more information about your rights, please contact Abraham, Fruchter &amp; Twersky LLP by contacting Sean M. Handron-O\u2019Brien at SHandronobrien@aftlaw.com or by calling (212) 279-5050. On May 5, 2021, Rocket issued a press release announcing its first quarter results and second quarter outlook. Rocket reported &hellip; Continue reading &quot;Abraham, Fruchter &amp; Twersky LLP Investigating Claims on Behalf of Investors of Rocket Companies, Inc. 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