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Rocket Companies, the parent of Quicken Loans, is giving GameStop a run for its money in the heavily traded category.
|RKT||ROCKET COMPANIES INC.||32.16||-9.44||-22.68%|
Shares tumbled over 20% Wednesday and saw at least one trading halt on the New York Stock Exchange. A price of $33.20 per share would be the largest drop on record, according to the Dow Jones Market Data Group.
Ihor Dusaniwksy, Managing Director of Predictive Analytics, which tracks short-selling data, noted Rocket's "stock and short selling activity is reminiscent of another recent high-flying meme stock GameStop."
Shares jumped over 70% Tuesday on no specific news, hitting an all-time high of $41.60 apiece.