Rocket Companies Stock Drops 6% On Mr. Cooper Acquisition Announcement

(RTTNews) - Rocket Companies, Inc. (RKT) is trading at $11.90, down 7.90 percent or $0.89 during Monday's Trading, following the announcement of its $9.4 billion all-stock acquisition of Mr. Cooper Group.

The stock opened at $12.24 and has traded between $11.60 and $12.35, compared to a previous close of $13.03 on the New York Stock Exchange. Trading volume has surged to 17.36 million shares, well above the average of 5.09 million. The stock's 52-week range is $10.06 to $21.38.

Investors may be reacting to concerns over valuation, dilution, or integration risks associated with the deal.