Rocket Companies (RKT) Rises 3.23% Amid Merger Leadership Changes $420M Volume Places It 271st in Daily Trading Activity

Rocket Companies (RKT) rose 3.23% on September 29, 2025, with a trading volume of $0.42 billion, ranking 271st in market activity for the day. The stock’s movement coincided with key leadership updates post-merger and regulatory developments.

Jay Bray has been appointed to oversee Rocket Mortgage operations following the completed merger with Mr. Cooper Group. Varun Krishna remains CEO of Rocket Companies, with all subsidiaries under his leadership. Dan Gilbert, the controlling shareholder, retains majority ownership. The merger, approved by shareholders on September 3, has triggered ongoing regulatory filings, including prospectuses and proxy statements, signaling procedural finalization.

Investor discussions highlight concerns over potential reverse splits due to the expanded share count post-merger, which now stands at approximately 2.3 billion shares. Some analysts suggest that without a significant price rebound—potentially above $30 per share—the company may face structural challenges. Leadership continuity and strategic execution under Krishna will be critical in addressing market skepticism.

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