Rocket Companies Surges 9.27% on $570M Top 500 Volume Amid Fed Rate-Cut Hopes

Rocket Companies (RKT) surged 9.27% on August 22, 2025, with a trading volume of $570 million, marking a 120.56% increase from the previous day. The stock’s performance was driven by renewed optimism in the mortgage finance sector following Federal Reserve Chair Jerome Powell’s Jackson Hole speech, which hinted at potential rate cuts in September. Market participants are positioning for increased refinancing activity as lower borrowing costs could stimulate loan demand.

Technical indicators suggest a volatile breakout scenario for RKT, which has surpassed its 200-day moving average of $13.58. The stock currently trades near its 52-week high of $21.38, with key resistance levels at $20.08 (Bollinger Upper Band) and $21.38. Options data highlights aggressive short-term positioning, particularly in the RKT20250829C19 call option, which exhibits high gamma sensitivity and moderate implied volatility. Traders are monitoring whether RKT can sustain momentum above $19.50 to test upper resistance.

Historical backtesting of RKT’s performance after a 10% intraday surge showed positive short-to-medium-term outcomes. The 3-Day win rate was 47.66%, while the 10-Day and 30-Day win rates reached 50.26% and 50.78%, respectively. The strategy of buying the top 500 stocks by daily trading volume and holding for one day yielded a total profit of $2,550 between 2022 and the present, with a cumulative return of 255% and a maximum drawdown of -22.3%. This trajectory underscores the stock’s potential for profitable short-term trades following significant price movements.