Here's Why Rocket Companies Stock Was Soaring on Thursday

Here's Why Rocket Companies Stock Was Soaring on Thursday

The stock market was largely flat on Thursday as investors waited to see if a new stimulus agreement could be reached. Most major indices were in positive territory as of 2:50 p.m. EDT, but not by much. On the other hand, recent IPO Rocket Companies (NYSE: RKT), parent company of leading mortgage lender Rocket Mortgage, as well as Quicken Loans, was having a tremendous day, with shares up by nearly 11%.