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NASDAQ:UWM 31 January 2026

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies stock slides 14% after PennyMac miss; RKT traders brace for Fed pick fallout and jobs data

Rocket Companies shares fell 13.67% to $17.93 on Friday, with trading volume tripling its 50-day average. PennyMac Financial plunged 33% after reporting quarterly earnings far below estimates. UWM Holdings also dropped nearly 14% as mortgage stocks slid and both major indexes closed lower. Markets face added uncertainty after Donald Trump nominated Kevin Warsh to lead the Federal Reserve.

Stock Market Today

  • 3 European Growth Stocks With Strong Insider Ownership Poised for 23% Earnings Growth
    April 3, 2026, 2:18 AM EDT. European markets rally as the STOXX Europe 600 index gains 3.92%, driven partly by easing geopolitical tensions. Growth stocks with high insider ownership attract attention for signaling management confidence. Among notable names, MedinCell shows 11.5% insider ownership with projected earnings growth of 117.6%. KebNi and Induct report even higher earnings forecasts at 80.1% and 98.6%, with insider stakes of 35% and 10.5% respectively. Norbit ASA, with 23.9% insider ownership, anticipates 17.6% annual earnings growth aided by defence contracts. Grupa Pracuj S.A. expects 13.3% earnings growth backed by 11.6% insider holdings, trading below fair value. Investor interest in these companies reflects optimism about resilient earnings amid inflation pressures and geopolitical concerns.
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