UWM stock jumps nearly 9% as Two Harbors earnings near and merger math tightens
UWM Holdings shares rose 8.6% to $5.33 by midday Monday after closing at $4.91, ahead of Two Harbors’ quarterly earnings report due after the bell. UWM last week filed a Form S-4 for its planned $1.3 billion stock-for-stock acquisition of Two Harbors. Two Harbors shares gained 7.5%. The deal’s value depends on UWM’s share price and awaits shareholder and regulatory approval.