Rocket Companies, Inc. (NYSE: RKT) stayed in the spotlight on Wednesday, November 26, 2025, as the stock extended its powerful November rally on the back of fresh housing‑market data from its Redfin unit and news of an upcoming appearance at UBS’s high‑profile Global Technology and AI Conference.
Below is a detailed look at today’s RKT stock move, all major Rocket‑related news dated November 26, 2025, and what it could mean for investors watching the mortgage‑fintech name.
RKT stock today: price action on 26 November 2025
By late trading on Wednesday, Rocket Companies’ Class A shares were changing hands at about $20.08, up roughly 2.1% on the day. The stock opened near $19.64, traded as low as $19.40, and touched an intraday high around $20.08, with volume topping 15 million shares, well above many recent sessions.
Today’s move builds on a huge 8.5% gain on Tuesday, November 25, when RKT jumped from roughly $18.12 to $19.66 in a single session; over the last two weeks, the share price is up around 10%. [1]
A separate analysis of the housing market notes that Rocket’s stock has surged about 17% over just the past week and delivered an ~84% year‑to‑date return, underscoring how aggressively the market has repriced the name in late 2025. [2]
In other words: today wasn’t a one‑off spike—it’s the latest step in a strong momentum run supported by both company‑specific developments and macro housing trends.
Key news today: everything Rocket‑related dated November 26, 2025
1. CFO Brian Brown to present at UBS Global Technology and AI Conference
Rocket’s only direct company press release today came before the opening bell. The firm announced that Chief Financial Officer Brian Brown will participate in a fireside chat at the 2025 UBS Global Technology and AI Conference in Scottsdale, Arizona, scheduled for Wednesday, December 3, 2025 at 12:55 p.m. MT. [3]
A live webcast and replay will be available in the Events & Presentations section of Rocket’s Investor Relations site, giving analysts and investors a chance to hear management talk in more detail about:
- The company’s AI strategy across mortgage, servicing and personal finance
- Integration progress following its Redfin and Mr. Cooper acquisitions
- Capital allocation, funding costs and the broader housing‑market outlook
The release again frames Rocket as a Detroit‑based fintech platform spanning mortgage, real estate and personal finance, including brands such as Rocket Mortgage, Redfin, Mr. Cooper, Rocket Homes, Rocket Close, Rocket Money and Rocket Loans. [4]
For RKT stock, this kind of event matters because:
- It puts Rocket in front of a tech‑ and AI‑focused investor audience, not just traditional financials specialists.
- It gives management a chance to reinforce the narrative that Rocket is more than a cyclical mortgage originator, leaning heavily into AI and data at scale.
Given how much of Rocket’s 2025 story is about technology and integration, this upcoming UBS appearance is a natural focal point for investors over the next week.
2. Redfin report: retail workers are far short of what’s needed to afford typical rent
Early this morning, Redfin—described in the release as “the real estate brokerage powered by Rocket”—published a widely picked‑up report titled “Redfin Reports Typical Retail Worker Earns $37,000 Less Than Needed to Afford Typical Apartment.” [5]
Key takeaways from the report:
- The typical U.S. retail worker earns about $34,436 per year.
- To afford the “typical” apartment, which Redfin estimates at roughly $1,779 in monthly rent, a renter would need to earn about $71,172 annually.
- That’s a shortfall of roughly $36,700 per year, or about 51.6% less income than needed for standard affordability (defined as spending no more than 30% of income on rent). [6]
The report also notes that:
- Rental affordability has improved slightly in recent years because wages have been growing a bit faster than rents, but conditions remain very tight. [7]
- The gap is smallest in lower‑cost metros like Cleveland and St. Louis and largest in high‑rent cities like New York and Boston. [8]
For Rocket Companies, the significance is twofold:
- Macro lens on affordability: Rocket’s mortgage and personal‑finance franchises depend on consumers being able to stretch into ownership. Persistently strained rental affordability can push more households to explore buying—but only if financing is accessible.
- Brand exposure: Every time Redfin’s data is quoted in the media (and this report is getting syndicated across several outlets), Rocket gets indirect brand reinforcement, since Redfin is repeatedly described as being part of Rocket Companies. [9]
3. Redfin housing‑market update: prices up, pending sales down
Around mid‑day, Redfin followed up with another major release: “Redfin Reports Rising Home Prices, Economic Volatility Curb Would‑Be Buyers’ Appetites in Leadup to Thanksgiving.” [10]
Highlights from this report:
- U.S. pending home sales fell 2.1% year over year during the four weeks ending November 23, the biggest decline in eight months. [11]
- The median sale price rose to around $393,000, up 2.4% from a year ago—also the largest increase in roughly eight months. [12]
- Mortgage rates are hovering near 6.2–6.23% for a 30‑year fixed, down materially from levels above 7% earlier in the year but still high enough to dent demand. [13]
- Some Midwest metros, including Detroit, show some of the fastest price gains, while several West Coast and Sun Belt markets are seeing year‑over‑year price declines. [14]
This data paints a mixed picture:
- Buyers are increasingly pressured by high prices and still‑elevated rates.
- Yet constrained inventory and delistings are helping keep home prices supported in many markets.
For Rocket, a slower transaction environment can weigh on purchase originations, but stable or rising home prices support the value of its large servicing portfolio and related fee income.
4. Benzinga: homeowners are pulling listings at a record pace – and RKT “surged today”
At 8:33 a.m. ET, Benzinga published a piece titled “Homeowners Pull Houses Off Market In Record Numbers, Rather Than Sell For Less,” prominently tagging Rocket Companies (NYSE: RKT) and noting that “RKT stock surged today,” quoting a price near $19.75 in early trading. [15]
Key points from that article:
- In September, nearly 85,000 sellers pulled their homes off the market, a 28% increase versus a year earlier—the highest September delisting level in eight years. [16]
- Roughly 70% of U.S. listings had been on the market 60+ days without a buyer, prompting owners to withdraw rather than slash prices. [17]
- Many delisted homes had been sitting around 100 days, and about 15% were at risk of selling below the owner’s purchase price. [18]
- By reducing supply, these delistings ironically help prop up price levels, contributing to the ongoing year‑over‑year price gains Redfin and others are reporting. [19]
The Benzinga piece leans heavily on Redfin’s data, again highlighting that Redfin is part of Rocket Companies. The article explicitly calls out RKT as a stock that is moving higher in response to the evolving housing backdrop. [20]
5. Investing.com: pending home sales slump, Rocket’s stock and revenue surge
Investing.com also ran a detailed story today on the same Redfin housing dataset: “U.S. pending home sales drop 2.1%, biggest decline in eight months.” While the headline is macro, Rocket gets a starring role inside the article. [21]
The piece notes that:
- Pending home sales are down 2.1% year over year, the steepest drop in eight months, reflecting buyer caution amid high prices and lingering economic uncertainty. [22]
- At the same time, Rocket Companies’ stock is up about 17.2% over the past week, significantly outperforming broader indices. [23]
- Over the last 12 months, Rocket has delivered around 41.7% revenue growth, powered by its scaled mortgage platform and expanding servicing operations. [24]
- According to InvestingPro, RKT is trading above its modeled fair value, yet analysts still anticipate a return to profitability this year, suggesting investors are paying up for growth and the company’s tech‑driven strategy. [25]
The article also reiterates that in Q3 2025 Rocket:
- Beat expectations, with adjusted revenue around $1.78 billion, above consensus and the high end of guidance. [26]
- Delivered adjusted earnings per share of roughly $0.07, more than double the ~$0.03 expected by analysts. [27]
This combination—weakening housing transactions but powerful financial performance from Rocket—helps explain why the stock continues to rally even as most headlines about housing sound cautious.
6. A structured note launched today uses RKT as an underlying index stock
Away from headlines, there was also a more technical development involving RKT in the structured‑products market.
A new Goldman Sachs 424B2 filing dated November 26, 2025 details a multi‑stock note whose payouts are tied to the performance of four names:
- Strategy Inc (formerly MicroStrategy)
- UnitedHealth Group
- Rocket Companies, Inc. Class A common stock
- NVIDIA Corporation
The filing shows an initial “index stock price” for RKT of $18.12, based on an intra‑day or closing price from the November 24 trade date, with the note officially issued today. [28]
While this product is aimed at structured‑note investors rather than RKT shareholders directly, it’s another sign that Rocket:
- Is now considered a core component in yield‑oriented, equity‑linked strategies alongside mega‑caps like UNH and NVDA.
- Is attracting institutional derivatives interest, which can, over time, influence liquidity and options activity in the underlying stock.
Fundamental backdrop: Q3 2025 results and AI‑driven strategy
Today’s news sits on top of a strong fundamental quarter that Rocket reported on October 30, 2025.
From the company’s official Q3 2025 press release: [29]
- Total revenue, net: about $1.61 billion
- Adjusted revenue: around $1.78 billion, above the high end of guidance
- GAAP net loss: approximately $124 million
- Adjusted net income: about $158 million
- Adjusted EBITDA: roughly $349 million
Operational highlights include:
- Net mortgage rate lock volume of about $35.8 billion, up 20% versus the same quarter last year.
- Closed mortgage origination volume of $32.4 billion, up 14% year over year. [30]
- A servicing portfolio of roughly $613 billion in unpaid principal balance across ~2.9 million loans, generating an estimated $1.7 billion in annualized servicing‑fee income. [31]
The quarter also showcased Rocket’s AI and automation push, including:
- A Purchase Agreement AI Agent that automates county‑specific purchase‑agreement review, cutting processing times by about 80% and projected to save more than 150,000 staff hours annually. [32]
- A Pipeline Manager AI Agent and an AI‑powered underwriting assistant for brokers, which together have boosted client follow‑ups and refinance application conversions. [33]
On the strategic side, Rocket completed its all‑stock acquisition of Mr. Cooper Group on October 1, significantly expanding its servicing scale and adding another well‑known brand to the Rocket ecosystem. Earlier in 2025, Rocket also issued about $4 billion in senior notes to help finance the Redfin and Mr. Cooper deals and refinance legacy debt. [34]
The upshot: investors now view Rocket less as a pure refi‑cycle play and more as a vertically integrated homeownership platform with a heavy AI angle.
Valuation, ownership and sentiment around RKT
With the latest rally, RKT’s valuation has moved sharply higher:
- Recent data from market trackers show a market capitalization around $51 billion, a free float near 950 million shares, and institutional investors controlling more than 94% of the float. Short interest is estimated at about 5.6% of shares. [35]
- Some analyses put Rocket’s price‑to‑earnings multiple above 200x based on recent earnings, reflecting both expectations for normalized profitability and the distortions of a cyclical recovery. [36]
- A recent valuation review estimated that RKT’s share price is up roughly 60% over the past year and around 138% in total shareholder return over the last three years, underscoring the strength of the long‑term rebound. [37]
On the sentiment side, recent weeks have brought:
- A Buy rating from BTIG, with the firm reiterating its positive view even after the stock’s strong run. [38]
- New institutional holders taking or increasing positions, while some insiders have trimmed small amounts of stock after the rally. [39]
At the same time, services like InvestingPro still highlight that the stock is trading above their modeled fair value, even as they project a return to profitability. [40]
That combination—lofty multiples, strong momentum and improving fundamentals—explains why RKT both excites growth‑oriented investors and makes more value‑focused buyers cautious.
How today’s news fits into the Rocket story
Putting it all together, here’s what November 26, 2025 means for RKT:
- CFO visibility at UBS’s Tech & AI forum reinforces Rocket’s positioning as a data‑ and AI‑powered platform, not just another mortgage lender. [41]
- Redfin’s twin reports on rental affordability and cooling pending sales keep Rocket at the center of the national housing conversation, highlighting both the stress on renters and the resilience of home prices—two forces that shape demand for Rocket’s products. [42]
- Benzinga and Investing.com coverage show that broader financial media now regularly pairs Redfin’s housing data with Rocket’s stock performance, framing RKT as the go‑to way to trade on shifting housing conditions. [43]
- The Goldman Sachs structured note using RKT as an underlying highlights growing institutional sophistication around the stock, as structured‑product desks design yield instruments tied in part to Rocket’s performance. [44]
- All of this sits on top of better‑than‑expected Q3 results, accelerating revenue, expanding AI tools and the now‑closed Redfin and Mr. Cooper deals, which together give investors a clear growth and integration story to track. [45]
What investors should watch next
While this article is not investment advice, a few themes stand out for anyone following Rocket Companies stock:
- UBS Tech & AI fireside chat (Dec. 3): Watch for commentary on integration synergies with Redfin and Mr. Cooper, updated margin outlooks, and how management frames AI’s impact on costs and conversion. [46]
- Housing data cadence: Redfin is publishing housing‑market updates at a rapid clip. Each new data set—sales, pending sales, delistings, rents—can nudge expectations for Rocket’s volumes and servicing economics. [47]
- Valuation vs. execution: With the stock sharply higher and some services flagging it as above fair value, Rocket now has to execute almost flawlessly on integration and tech deployment to justify its multiple. [48]
For now, November 26, 2025 will go down as another constructive day for RKT, marked by solid price gains, a steady stream of Rocket‑linked macro news, and a fresh catalyst on the calendar via the UBS conference.
This article is for informational and news‑reporting purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or an offer or solicitation of an offer to buy or sell securities. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
References
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