Rocket Companies Surges to 486th in Trading Volume with $206 Million in Deals Amidst Controversial Acquisitions

On June 11, 2025, Rocket Companies (RKT) saw a trading volume of $206 million, marking a 59.6% increase from the previous day. This surge placed Rocket at the 486th position in terms of trading volume for the day. The stock price of Rocket Companies rose by 4.58%, marking the second consecutive day of gains, with a total increase of 7.37% over the past two days.

Rocket Companies' recent acquisitions have sparked significant attention and debate. In March, the company announced plans to acquire Redfin for $1.75 billion in an all-stock deal. CEO Varun Krishna described this merger as a transformative fusion of home search and mortgage financing, aiming to reduce costs and increase value for American homebuyers. Rocket, already a major mortgage originator, sought to integrate Redfin's agent network and search platform to streamline the homebuying process.

Following this announcement, Rocket further expanded its reach by acquiring Mr. Cooper, the largest mortgage servicing firm in the U.S., for $9.4 billion. These acquisitions position Rocket to dominate the lending, servicing, and online search sectors, creating a comprehensive vertical stack of the homebuying pipeline. This aggressive strategy has drawn criticism from lawmakers, including Senators Elizabeth Warren, Bernie Sanders, and Cory Booker, who have urged the Department of Justice and the Federal Trade Commission to investigate the mergers. They expressed concerns that these deals could reduce competition and drive up prices in an already overheated housing market.

Despite the regulatory scrutiny, some analysts view Rocket's acquisitions as a disruptive force in the real estate industry. Citron Research, known for its short-selling strategies, has shifted its stance to become bullish on Rocket. The firm sees the merger as a long-overdue fix for a broken system, comparing it to Amazon-level disruption. Citron argues that the combined entity would slash real estate commissions and replace them with AI-driven efficiency, ultimately benefiting consumers. The firm predicts that Rocket's control over one in six U.S. mortgages and its streamlined homebuying process could lead to significant growth and innovation in the industry.