Rocket Companies Chairman Dan Gilbert may want to gift some karma to users of the infamous subreddit Wall Street Bets.
His company’s stock soared nearly 100% on Tuesday after the day traders at the subreddit took interest in the mortgage lender’s stock, which had been hovering around the $20 mark for much of the past three months.
Nearly 40% of the company’s available shares are sold short, according to Market Beat, and it’s one of the most shorted companies by hedge funds on Wall Street. As of 3:15 details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com