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Rocket Mortgage stock surges thanks to Wall Street Bets

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 ⇒

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