Rocket Companies (NYSE:RKT) Azioni

ROCKET COS INC-CLASS A

Rocket Companies

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the US as well as the servicer for more than 2 million loans.

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Rocket Companies, Inc. Class A Common Stock

Rocket Companies Inc

Reflectkote Inc

RAKUTEN BK LTD by RAKUTEN BK LTD.

WIIM

Rocket Companies shares are trading higher after Keefe, Bruyette & Woods upgraded the stock from Underperform to Market Perform and raised its price target from $12 to $14.

Wall Street extends gains on Wednesday, as investors remain resilient in their risk appetite despite the looming announcement of sweeping trade tariffs <a href="https://www.benzinga.com/topic/tariffs">by President Donald Trump.</a>
The president is <a href="https://www.youtube.com/live/wgmKYg-zK9o">scheduled to speak at 4 p.m. ET</a> on what he dubbed "Liberation Day," with expectations pointing to the imposition of tariffs around 20% on a broad range of goods.
The S&amp;P 500 is up 0.8%, aiming for what could become its third consecutive positive session. The Nasdaq 100 is also rebounding strongly, rising 1.1%, while small-cap stocks outperform large caps, with the Russell 2000 climbing 1.5%.
Nearly all sectors are in the green, except defensive consumer staples. Consumer discretionary and tech lead the way in performance.
Treasury yields are on the rise, with the 30-year yield hitting 4.57%, up 5 basis points, dragging the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down by 0.7%.
The latest ADP Employment Report showed a stronger-than-expected pace of private payroll growth in March, reinforcing the resilience of the U.S. labor market despite the tariff-related uncertainties.
In corporate news, The New York Times reported that Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) submitted a last-ditch bid to acquire TikTok, the popular video app, as it nears an April deadline to separate from its Chinese owner or face a potential U.S. ban. Shares of the e-commerce giant rallied 2.4%.
The U.S. dollar index fell 0.3%, while gold and oil prices both gained 0.6%. Crypto sentiment remained positive, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surging 2.5% to trade above $87,000.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,042.86</td>
<td>1.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,650.79</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,321.94</td>
<td>0.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,675.71</td>
<td>0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $566.04.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.8% to $422.89.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 1.2% to $478.34.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.6% to 202.75.</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 2.2%; the&nbsp;Consumer Staples&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) lagged, down 0.3%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rallied over 4% despite reporting <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44607859/teslas-deliveries-slide-in-q1-amid-production-setbacks-political-backlash">the worst quarterly deliveries in over two years</a> and missing analyst estimates. Investors appear to be betting on the EV giant as a potential beneficiary of trade tariffs, given its entirely U.S.-based production.</li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) rose 5.9% after Susquehanna initiated coverage with an Overweight rating and $411 price target.</li>
<li>Shares of Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) surged 12% after receiving upgrades from both Keefe Bruyette &amp; Woods and Deutsche Bank.</li>
</ul>
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Wall Street Rebounds Ahead Of Tariff Announcement, Small Caps Rally, Bitcoin Hits $87,000: What's Driving Markets Wednesday?

Keefe, Bruyette &amp; Woods analyst Bose George upgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Underperform to Market Perform and raises the price target from $12 to $14.

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Keefe, Bruyette & Woods Upgrades Rocket Companies to Market Perform, Raises Price Target to $14

U.S. stocks were lower, with the Dow Jones index falling over 100 points on Wednesday.
Shares of Cognyte Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) rose sharply during Wednesday's session after the company reported better-than-expected <a href="https://www.benzinga.com/quote/CGNT">fourth-quarter financial results</a>.
Cognyte Software posted adjusted earnings of 3 cents per share, beating market estimates of 1 cent per share. The company's quarterly sales came in at $94.505 million versus expectations of $93.154 million.
Cognyte Software shares jumped 22.1% to $10.04 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>AngioDynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGO#NASDAQ">ANGO</a>) shares rose 13.7% to $10.98 after the company reported better-than-expected third-quarter sales results and raised its FY25 guidance above estimates.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) gained 13.1% to $14.26.</li>
<li>Cytokinetics, Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) shares rose 12% to $41.99.</li>
<li>Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) shares surged 11.7% to $10.69.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) gained 10.1% to $57.90.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GYRE#NASDAQ">GYRE</a>) rose 9.8% to $7.04.</li>
<li>Mr. Cooper Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) surged 9.5% to $136.97.</li>
<li>Sana Biotechnology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANA#NASDAQ">SANA</a>) gained 8.3% to $1.6250.</li>
<li>Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) rose 7.1% to $54.45. Raymond James analyst Savanthi Syth upgraded Allegiant Travel from Outperform to Strong Buy and lowered the price target from $125 to $90.</li>
<li>Studio City International Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSC#NYSE">MSC</a>) gained 7% to $3.85.</li>
<li>Arcellx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLX#NASDAQ">ACLX</a>) gained 5.9% to $64.28.</li>
<li>Ciena Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) shares rose 4.6% to $64.34.</li>
<li>RH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RH#NYSE">RH</a>) rose 3.8% to $248.24 ahead of quarterly earnings.</li>
</ul>
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RBC Capital analyst Daniel Perlin reiterates Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sector Perform and maintains $18 price target.

Reiteration

RBC Capital Reiterates Sector Perform on Rocket Companies, Maintains $18 Price Target

Whales with a lot of money to spend have taken a noticeably bullish stance on Rocket Companies.
Looking at options history for Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) we detected 37 trades.
If we consider the specifics of each trade, it is accurate to state that 59% of the investors opened trades with bullish expectations and 35% with bearish.
From the overall spotted trades, 27 are puts, for a total amount of $2,172,514 and 10, calls, for a total amount of $1,654,785.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $9.2 and $29.2 for Rocket Companies, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Rocket Companies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Rocket Companies's significant trades, within a strike price range of $9.2 to $29.2, over the past month.
<h3>Rocket Companies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743443133_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$2.4</td>
<td>$2.35</td>
<td>$2.4</td>
<td>$12.00</td>
<td>$999.8K</td>
<td>0</td>
<td>4.2K</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.39</td>
<td>$14.20</td>
<td>$473.7K</td>
<td>2.4K</td>
<td>4.3K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.5</td>
<td>$1.45</td>
<td>$1.5</td>
<td>$14.20</td>
<td>$257.8K</td>
<td>5.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$17.5</td>
<td>$17.4</td>
<td>$17.4</td>
<td>$29.20</td>
<td>$243.6K</td>
<td>0</td>
<td>300</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.51</td>
<td>$14.20</td>
<td>$120.4K</td>
<td>2.4K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Rocket Companies</h3>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the US as well as the servicer for more than 2 million loans.
After a thorough review of the options trading surrounding Rocket Companies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Rocket Companies's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 29,399,238, the RKT's price is down by -9.59%, now at $11.78. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 31 days.</li>
</ul>
<h3>What The Experts Say On Rocket Companies</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $12.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Wedbush has revised its rating downward to Neutral, adjusting the price target to $13. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods persists with their Underperform rating on Rocket Companies, maintaining a target price of $12. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rocket Companies options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

A Closer Look at Rocket Companies's Options Market Dynamics

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$75.00</td>
<td>$45.7K</td>
<td>12.9K</td>
<td>6.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$41.50</td>
<td>$268.1K</td>
<td>869</td>
<td>1.9K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/25/25</td>
<td>$44.00</td>
<td>$86.5K</td>
<td>97</td>
<td>1.9K</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$30.00</td>
<td>$669.6K</td>
<td>3.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/04/25</td>
<td>$119.00</td>
<td>$54.1K</td>
<td>285</td>
<td>1.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$9.20</td>
<td>$107.9K</td>
<td>346</td>
<td>576</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$332.0K</td>
<td>2.8K</td>
<td>160</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$34.0K</td>
<td>177</td>
<td>100</td>
</tr>
<tr>
<td>PGR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/04/25</td>
<td>$260.00</td>
<td>$115.0K</td>
<td>25</td>
<td>50</td>
</tr>
<tr>
<td>KKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$120.00</td>
<td>$59.2K</td>
<td>1.0K</td>
<td>46</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bullish, expiring in 109 day(s) on July 18, 2025. This event was a transfer of 129 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $45.7K, with a price of $355.0 per contract. There were 12921 open contracts at this strike prior to today, and today 6536 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a put option sweep that happens to be bearish, expiring in 17 day(s) on April 17, 2025. This event was a transfer of 1887 contract(s) at a $41.50 strike. This particular put needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $268.1K, with a price of $142.0 per contract. There were 869 open contracts at this strike prior to today, and today 1998 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a call option sweep with bearish sentiment. It expires in 25 day(s) on April 25, 2025. Parties traded 206 contract(s) at a $44.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $86.5K, with a price of $420.0 per contract. There were 97 open contracts at this strike prior to today, and today 1932 contract(s) were bought and sold. 
• Regarding HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we observe a put option trade with neutral sentiment. It expires in 655 day(s) on January 15, 2027. Parties traded 992 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $669.6K, with a price of $675.0 per contract. There were 3944 open contracts at this strike prior to today, and today 1050 contract(s) were bought and sold. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 4, 2025. This event was a transfer of 741 contract(s) at a $119.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $54.1K, with a price of $73.0 per contract. There were 285 open contracts at this strike prior to today, and today 1034 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 655 day(s) on January 15, 2027. Parties traded 254 contract(s) at a $9.20 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $107.9K, with a price of $425.0 per contract. There were 346 open contracts at this strike prior to today, and today 576 contract(s) were bought and sold. 
• Regarding COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we observe a call option trade with bullish sentiment. It expires in 291 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $332.0K, with a price of $16601.0 per contract. There were 2839 open contracts at this strike prior to today, and today 160 contract(s) were bought and sold. 
• For AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we notice a call option trade that happens to be bullish, expiring in 172 day(s) on September 19, 2025. This event was a transfer of 24 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $34.0K, with a price of $1420.0 per contract. There were 177 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For PGR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>), we notice a call option trade that happens to be neutral, expiring in 4 day(s) on April 4, 2025. This event was a transfer of 50 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $115.0K, with a price of $2300.0 per contract. There were 25 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• For KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), we notice a put option sweep that happens to be bearish, expiring in 172 day(s) on September 19, 2025. This event was a transfer of 40 contract(s) at a $120.00 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $59.2K, with a price of $1480.0 per contract. There were 1050 open contracts at this strike prior to today, and today 46 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

COIN

HOOD

10 Financials Stocks With Whale Alerts In Today's Session

Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) announced on Monday an all-stock acquisition of Mr. Cooper Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44558087/mr-cooper-americas-largest-servicer-joins-rocket-the-nations-largest-lender" rel="noreferrer noopener">in a deal valued at $9.4 billion.</a>
Under the terms of the agreement, Mr. Cooper shareholders will receive 11.0 Rocket shares for each Mr. Cooper share, valuing the deal at $143.33 per share, a 35% premium over the stock&#8217;s 30-day volume-weighted average.
The deal is structured as a tax-free transaction for Mr. Cooper shareholders and includes a $2.00 per share dividend before closing.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44558573/president-trumps-sons-partner-with-hut-8-to-unveil-american-bitcoin-for-large-scale-bitcoin-mining" rel="noreferrer noopener">President Trump&#8217;s Sons Partner With Hut 8 To Unveil American Bitcoin For Large-Scale Bitcoin Mining</a>
With this acquisition, Rocket Companies will substantially grow its mortgage servicing portfolio to exceed $2.1 trillion, encompassing almost 10 million clients. This expansion accounts for roughly one in six mortgages across the U.S.
Rocket&#8217;s acquisition of Mr. Cooper follows its recent agreement to acquire <a target="_blank" href="https://www.benzinga.com/news/25/03/44218758/rocket-wants-1-75-billion-redfin-deal-to-change-how-america-buys-homes" rel="noreferrer noopener">digital brokerage platform</a> Redfin Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>), furthering its goal of streamlining the homeownership experience.
By integrating Mr. Cooper&#8217;s servicing expertise with Rocket&#8217;s customer acquisition strategies, the company expects to generate $500 million in annual revenue and cost synergies.
By acquiring Mr. Cooper, Rocket will gain valuable insights from nearly 7 million additional clients and 150 million yearly customer interactions. The company intends to use this extensive dataset to improve automation, tailor experiences, and boost efficiency within its AI-driven mortgage platform.
The company anticipates $400 million in cost savings by streamlining operations and reducing corporate expenses.
Upon closing, Mr. Cooper&#8217;s Chairman and CEO, Jay Bray, will transition to the role of President and CEO of Rocket Mortgage, reporting to Rocket&#8217;s leadership.
Rocket <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/n44024705/rocket-companies-announces-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">held $1.3 billion in cash and equivalents </a>as of December 31, 2024.
The transaction has been unanimously approved by both companies&#8217; boards and is expected to close in fourth-quarter 2025, pending regulatory approvals and shareholder consent.
Price Action: RKT shares traded lower by 9.40% at $11.81, while COOP is up 14.4% at $119.50 at last check Monday.
Image via Shutterstock.

General

Rocket Fuels Mortgage Empire With $9.4 Billion Mr. Cooper Acquisition—One In Six US Mortgages Now Under Its Roof

Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) announced on Monday it will acquire Mr. Cooper Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) in an all-stock transaction for $9.4 billion in equity value. The move comes on the heels of Rocket's $1.75 billion acquisition of <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44237879/rocket-redfin-deal-aims-to-create-end-to-end-real-estate-solution-where-does-that-leave-zillow">online real estate broker Redfin Corp. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>). 
The Details: The acquisition of Mr. Cooper adds seven million clients and 150 million annual interactions to Rocket's analytics, enabling improved AI-powered automation and personalized services. The combined entity will manage a servicing portfolio exceeding $2.1 trillion in unpaid principal balance, covering one in six U.S. mortgages, according to Rocket's<a href="https://www.benzinga.com/pressreleases/25/03/n44558087/mr-cooper-americas-largest-servicer-joins-rocket-the-nations-largest-lender"> press release</a>. 
Read Next: <a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a>
&#8220;Servicing is a critical pillar of homeownership — alongside home search and mortgage origination,&#8221; said Varun Krishna, Rocket CEO. 
&#8220;With the right data and AI infrastructure we will deliver the right products at the right time. That&#8217;s how we build lifelong relationships, by proactively unlocking benefits and meeting needs before they arise. We look forward to welcoming Mr. Cooper&#8217;s nearly seven million clients,&#8221; Krishna added. 
Post-merger, Mr. Cooper CEO Jay Bray will lead Rocket Mortgage under Rocket Companies CEO Varun Krishna. Rocket's board will expand to 11 members, retaining nine members from Rocket and adding two from Mr. Cooper.&nbsp;
What Else: Earlier in March, Rocket announced it would acquire online real estate platform Redfin to bring homebuyers an end-to-end, online real estate solution from browsing listings <a href="https://www.benzinga.com/news/25/03/44218758/rocket-wants-1-75-billion-redfin-deal-to-change-how-america-buys-homes">to securing a mortgage.</a>
Rocket said on Monday that the acquisitions of Mr. Cooper and Redfin "will bring together the homeownership experience at scale" and allow the company to maximize its AI-powered platform in order to "remove the friction and complexities plaguing today&#8217;s homebuying process."
Rocket's acquisitions come in one of the toughest housing markets in history.&nbsp; The median monthly mortgage payment reached a record high last week as interest rates remain high and the median home-sale price continues to rise, <a href="https://www.redfin.com/news/housing-market-update-monthly-housing-payment-record-high-2025/">according to</a> Redfin.&nbsp;
RKT, COOP Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket shares are down 7.71% at $12.03 and Mr. Cooper shares are up 16.82% at $121.95 following the announcement of the merger. 
Read Next:<a href="https://www.benzinga.com/general/social-media/25/03/44563161/trump-says-tiktok-has-a-lot-of-potential-buyers-deal-to-come-before-saturday-deadline">&nbsp;</a>
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/03/44563161/trump-says-tiktok-has-a-lot-of-potential-buyers-deal-to-come-before-saturday-deadline">Trump Says TikTok Has &#8216;A Lot Of Potential Buyers,&#8217; Deal To Come Before Saturday Deadline</a></li>
</ul>
Photo: Courtesy of Rocket Companies, Inc.

Real Estate

Rocket Acquires Mr. Cooper Just Weeks After Buying Redfin, 'Brings Together The Homeownership Experience At Scale'

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer recommended buying Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>).
As per recent news, Splitit announced the launch of its new, fully embedded Shopify App, Splitit Card Installments, on Tuesday<a href="https://www.benzinga.com/quote/SHOP">.</a>
Cramer said Plains All American Pipeline, L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) is a &#8220;terrific&#8221; stock.
Morgan Stanley analyst Robert Kad raised the price target on the stock from $19 to $23 on Tuesday, supporting his view.
Cramer recommended selling SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>). &#8220;I regard SoundHound as a complete meme stock,&#8221; he added.
On Tuesday, SoundHound AI named Shawnna DelHierro as Senior Vice President and Chief Information Officer.
The Mad Money host recommended avoiding FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>).
On the earnings front, FMC Corporation is scheduled to release its first quarter 2025 earnings on Wednesday, April 30, 2025, after the closing bell.
When asked about Core Natural Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNR#NYSE">CNR</a>), &#8220;There's just not much to these stocks. I wish they could find a bottom, but they can't.&#8221;
According to the recent earnings report, Core Natural Resources reported quarterly earnings of $1.04 per share on Feb. 20, which missed the analyst consensus estimate of $3.09 per share. The company reported quarterly sales of $595.291 million, which beat the analyst consensus estimate of $553.850 million.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) is a &#8220;winner,&#8221; Cramer said.
On Tuesday, Everfox disclosed a strategic partnership with Palantir to enhance joint command and control capabilities.
Cramer said, &#8220;You can own Rocket (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>).&#8221;
On March 10, Rocket Companies agreed to acquire Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>), a digital real estate platform, in an all-stock transaction valued at $12.50 per share, or approximately $1.75 billion in equity.
Price Action:
<ul>
<li>Shopify shares gained 0.5% to settle at $109.82 on Tuesday.</li>
<li>Plains All American Pipeline shares gained 0.1% to close at $20.18 during the session.</li>
<li>SoundHound shares fell 1.1% to settle at $10.20.</li>
<li>FMC shares fell 1.3% to close at $41.20.</li>
<li>Rocket Companies&#8217; shares fell 2.8% to close at $13.38  on Tuesday.</li>
<li>Core Natural Resources shares rose 2% to settle at $76.25 on Tuesday.</li>
<li>Palantir shares fell 0.3% to close at $96.50.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/03/44471817/top-2-health-care-stocks-that-are-ticking-portfolio-bombs-3">Top 2 Health Care Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Photo: Shutterstock

Jim Cramer: Palantir Is A 'Winner,' Recommends Selling This Tech Stock

Editor's Note: This article was corrected to reflect that Rocket is acquiring Redfin.
JPMorgan's Dae K Lee is raising Redfin Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) stock price target from $7 to $12.50, matching Rocket Companies' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44237879/rocket-redfin-deal-aims-to-create-end-to-end-real-estate-solution-where-does-that-leave-zillow">acquisition price</a>.
The deal values Redfin's equity at about $1.75 billion, pegging it at two times its projected 2026 revenue.
Yet, the market isn&#8217;t fully convinced, with Redfin stock trading approximately 12% below the offer price.
Read Also: <a href="https://www.benzinga.com/ma/25/03/44317138/warren-buffetts-real-estate-brokerage-compass-discuss-deal-report">Warren Buffett&#8217;s Real Estate Brokerage, Compass Discuss Deal</a>
<h2 class="wp-block-heading">Regulatory Hurdles? This Analyst Isn't Sweating It</h2>
"We do not anticipate significant regulatory risk to the deal," Lee says.
While Rocket dominates mortgages, Redfin's mortgage originations were just $4.6 billion in 2024—minuscule next to Rocket's $101 billion and the U.S. total of $1.7 trillion.
On the brokerage side, Redfin's 0.76% U.S. market share won't move the needle much either.
Still, investors see an open window. The deal carries a $65.5 million termination fee and a no-shop provision, but Redfin can entertain better offers. 
For now, though, Rocket's grip looks firm.
<h2 class="wp-block-heading">Zillow Faces A Shifting Market</h2>
Meanwhile, Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) faces a reshaped landscape. As Lee notes, it must compete with "well-capitalized competitors," including News Corp's realtor.com and CoStar's Homes.com.
Zillow&#8217;s average monthly unique visitors are "2x" and app DAUs are "4x" those of its closest rival. With ~80% of consumers heading straight to Zillow, brand power remains its moat.
For Redfin, the discount to Rocket's offer suggests Wall Street is pricing in some uncertainty. 
But if Lee's read is right, the spread could close fast.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com//node/44350479">Warren Buffett Plans To Sell His Real Estate Brokerage, But It&#8217;s &#8216;Not… A Bet Against US Home Prices,&#8217; Says Analyst As Fed Expects To Keep Rates Unchanged</a></li>
</ul>
Image: Shutterstock

Analyst Color

Long Ideas

Redfin On The Road To Rocket Deal, Wall Street Watches Spread (CORRECTED)

Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) led by the Oracle of Omaha, Warren Buffett, is in <a href="https://www.benzinga.com/ma/25/03/44317138/warren-buffetts-real-estate-brokerage-compass-discuss-deal-report">talks to sell</a> its real estate brokerage business to New York-based Compass Real Estate. While some experts view this as his levered bet against the U.S. home prices, others see it as a consolidation in the realty sector.
What Happened: Compass has offered to buy Berkshire&#8217;s realty business, HomeServices of America, including Real Living, for an undisclosed price, according to a WSJ <a href="https://www.wsj.com/real-estate/compass-in-talks-to-buy-warren-buffetts-real-estate-brokerage-unit-5eab82e5">report</a>. The Berkshire business has about 820 offices and 270 franchises, whereas Compass is the second-largest U.S. brokerage.
After these reports emerged, billionaire investor Chamath Palihapitiya took to X and said that &#8220;The world's best investor is selling his bet levered to US home prices.&#8221;
However, there wasn&#8217;t a consensus on the fact that a bet against a traditional brokerage is the same as betting against the U.S. home prices. According to Amy Nixon, a DFW housing and economic analyst, the possible sale of Berkshire&#8217;s realty business to Compass was &#8220;not necessarily a bet against US home prices,&#8221; because Buffett could be betting on the real estate technology to reshape the industry further.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">He dumped all his home builder stocks a year ago and that proved wise That said, a bet against a traditional brokerage is not necessarily a bet against US home prices He may be betting on REtech reshaping the industry even further
&mdash; Amy Nixon (@texasrunnerDFW) <a href="https://twitter.com/texasrunnerDFW/status/1901335669978390537?ref_src=twsrc%5Etfw">March 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/03/44298732/nvidia-valuation-drops-after-2025-rout-ai-chipmakers-price-declines-41-from-its-peak-when-chatgpt-was-launched">Nvidia Valuation Drops After 2025 Rout: Chipmaker&#8217;s Price Declines 41% From Its Peak When ChatGPT Was Launched</a>
Why It Matters: Despite a sale of its business having any correlation with a bet on U.S. home prices, as mentioned by Nixon. The impact of higher interest rates does affect the housing market. Higher interest rates strain both homebuyers, facing increased monthly payments, and sellers, experiencing reduced demand and lower offers.
The Federal Reserve&#8217;s primary monetary policy-making body, the Federal Open Market Committee, is scheduled to meet on March 18 and 19 this week to decide on the course of interest rates.
According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 99% chance that the Federal Reserve will keep interest rates unchanged for the March meeting. However, the probability of an ease increases from June 2025 onwards. 
Furthermore, the U.S. real estate sector is consolidating, as Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) signed an <a href="https://www.benzinga.com/ma/25/03/44317138/warren-buffetts-real-estate-brokerage-compass-discuss-deal-report">acquisition deal</a> worth $1.75 billion last week with Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>).
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Friday. The SPY was advanced 2.07% to $562.81, and the QQQ also jumped 2.42% to $479.66, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/25/03/44299872/jack-dorseys-block-first-us-company-to-deploy-nvidias-ai-cluster-predicts-30x-performance-boost">Jack Dorsey&#8217;s Block First US Company To Deploy Nvidia&#8217;s AI Cluster, Predicts 30x Performance Boost</a></li>
</ul>
Photo courtesy: Shutterstock

Warren Buffett Plans To Sell His Real Estate Brokerage, But It's 'Not… A Bet Against US Home Prices,' Says Analyst As Fed Expects To Keep Rates Unchanged

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$57.50</td>
<td>$104.0K</td>
<td>3.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>TW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$135.00</td>
<td>$70.0K</td>
<td>1.9K</td>
<td>835</td>
</tr>
<tr>
<td>ITUB</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/19/25</td>
<td>$6.00</td>
<td>$35.2K</td>
<td>986</td>
<td>647</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$13.00</td>
<td>$84.5K</td>
<td>6.0K</td>
<td>628</td>
</tr>
<tr>
<td>FIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$65.00</td>
<td>$73.8K</td>
<td>0</td>
<td>547</td>
</tr>
<tr>
<td>AIG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$75.00</td>
<td>$158.9K</td>
<td>503</td>
<td>421</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$125.00</td>
<td>$252.5K</td>
<td>957</td>
<td>251</td>
</tr>
<tr>
<td>XYZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$55.00</td>
<td>$31.8K</td>
<td>234</td>
<td>211</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$220.00</td>
<td>$73.3K</td>
<td>11.7K</td>
<td>164</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$540.00</td>
<td>$192.8K</td>
<td>128</td>
<td>109</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we notice a call option trade that happens to be bullish, expiring in 308 day(s) on January 16, 2026. This event was a transfer of 70 contract(s) at a $57.50 strike. The total cost received by the writing party (or parties) was $104.0K, with a price of $1486.0 per contract. There were 3310 open contracts at this strike prior to today, and today 2145 contract(s) were bought and sold. 
• For TW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TW#NASDAQ">TW</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on March 21, 2025. This event was a transfer of 250 contract(s) at a $135.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $280.0 per contract. There were 1944 open contracts at this strike prior to today, and today 835 contract(s) were bought and sold. 
• For ITUB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITUB#NYSE">ITUB</a>), we notice a call option trade that happens to be neutral, expiring in 189 day(s) on September 19, 2025. This event was a transfer of 640 contract(s) at a $6.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $55.0 per contract. There were 986 open contracts at this strike prior to today, and today 647 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on March 21, 2025. Parties traded 444 contract(s) at a $13.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $84.5K, with a price of $195.0 per contract. There were 6090 open contracts at this strike prior to today, and today 628 contract(s) were bought and sold. 
• For FIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), we notice a put option sweep that happens to be bearish, expiring in 461 day(s) on June 18, 2026. This event was a transfer of 121 contract(s) at a $65.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $73.8K, with a price of $610.0 per contract. There were 0 open contracts at this strike prior to today, and today 547 contract(s) were bought and sold. 
• For AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we notice a put option sweep that happens to be bearish, expiring in 461 day(s) on June 18, 2026. This event was a transfer of 261 contract(s) at a $75.00 strike. This particular put needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $158.9K, with a price of $610.0 per contract. There were 503 open contracts at this strike prior to today, and today 421 contract(s) were bought and sold. 
• Regarding BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we observe a put option trade with bullish sentiment. It expires in 308 day(s) on January 16, 2026. Parties traded 250 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $252.5K, with a price of $1010.0 per contract. There were 957 open contracts at this strike prior to today, and today 251 contract(s) were bought and sold. 
• Regarding XYZ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), we observe a put option sweep with bearish sentiment. It expires in 371 day(s) on March 20, 2026. Parties traded 33 contract(s) at a $55.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $31.8K, with a price of $965.0 per contract. There were 234 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bullish, expiring in 7 day(s) on March 21, 2025. This event was a transfer of 20 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $73.3K, with a price of $3665.0 per contract. There were 11769 open contracts at this strike prior to today, and today 164 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a call option sweep with bearish sentiment. It expires in 189 day(s) on September 19, 2025. Parties traded 58 contract(s) at a $540.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $192.8K, with a price of $3325.0 per contract. There were 128 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ITUB

Warren Buffett's <a href="https://www.benzinga.com/real-estate">real-estate brokerage business</a>, HomeServices of America, is considering a deal with Compass.
What Happened: According <a href="https://www.wsj.com/real-estate/compass-in-talks-to-buy-warren-buffetts-real-estate-brokerage-unit-5eab82e5">to </a>The Wall Street Journal, Compass — the biggest U.S. brokerage by volume in 2023 — offered to buy HomeServices of America for an unknown price.
HomeServices of America is owned by Buffett&#8217;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>). It had about 820 brokerage offices and 270 franchisees in 2024.
It also owns Berkshire Hathaway HomeServices and Real Living.
See Also: <a href="https://www.benzinga.com/news/25/03/44238467/warren-buffett-shares-biggest-investing-mistakes-433m-deal-that-cost-berkshire-billions-and-trillion-dollar-tech-stocks-he-missed">Buffett Shares Biggest Investing Mistakes — $433M Deal That Cost Berkshire Billions And Trillion-Dollar Tech Stocks He Missed</a>
Why It Matters: The home-buying sector is consolidating. 
Earlier this week, Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44237879/rocket-redfin-deal-aims-to-create-end-to-end-real-estate-solution-where-does-that-leave-zillow">announced it will acquire</a> Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) in a $1.75 billion deal.
Analysts anticipate the deal will increase competition between Zillow Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) and Rocket Companies, now bolstered by Redfin&#8217;s assets and capabilities. 
Now Read:<a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday"> </a>
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">Nasdaq, S&amp;P 500 Hit 6-Month Lows As Recession Fears Grow: What&#8217;s Driving Markets Monday?</a></li>
</ul>
Image: Shutterstock

Warren Buffett's Real Estate Brokerage, Compass Discuss Deal: Report

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/28/25</td>
<td>$11.50</td>
<td>$53.0K</td>
<td>984</td>
<td>1.1K</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$120.00</td>
<td>$43.4K</td>
<td>3.6K</td>
<td>464</td>
</tr>
<tr>
<td>HOOD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$40.00</td>
<td>$25.4K</td>
<td>4.6K</td>
<td>276</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$77.50</td>
<td>$44.9K</td>
<td>3.4K</td>
<td>241</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$15.00</td>
<td>$38.5K</td>
<td>872</td>
<td>223</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$170.00</td>
<td>$52.8K</td>
<td>1.2K</td>
<td>86</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$300.00</td>
<td>$33.6K</td>
<td>253</td>
<td>76</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$555.00</td>
<td>$29.9K</td>
<td>167</td>
<td>72</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$285.00</td>
<td>$33.5K</td>
<td>413</td>
<td>62</td>
</tr>
<tr>
<td>MET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$75.00</td>
<td>$54.6K</td>
<td>200</td>
<td>61</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option trade that happens to be bullish, expiring in 16 day(s) on March 28, 2025. This event was a transfer of 500 contract(s) at a $11.50 strike. The total cost received by the writing party (or parties) was $53.0K, with a price of $106.0 per contract. There were 984 open contracts at this strike prior to today, and today 1144 contract(s) were bought and sold. 
• Regarding MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we observe a call option sweep with bullish sentiment. It expires in 9 day(s) on March 21, 2025. Parties traded 352 contract(s) at a $120.00 strike. This particular call needed to be split into 65 different trades to become filled. The total cost received by the writing party (or parties) was $43.4K, with a price of $124.0 per contract. There were 3640 open contracts at this strike prior to today, and today 464 contract(s) were bought and sold. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a put option trade that happens to be bearish, expiring in 9 day(s) on March 21, 2025. This event was a transfer of 100 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 4696 open contracts at this strike prior to today, and today 276 contract(s) were bought and sold. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option sweep with neutral sentiment. It expires in 100 day(s) on June 20, 2025. Parties traded 115 contract(s) at a $77.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $44.9K, with a price of $389.0 per contract. There were 3497 open contracts at this strike prior to today, and today 241 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option sweep that happens to be bullish, expiring in 191 day(s) on September 19, 2025. This event was a transfer of 188 contract(s) at a $15.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $205.0 per contract. There were 872 open contracts at this strike prior to today, and today 223 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a put option trade that happens to be bearish, expiring in 100 day(s) on June 20, 2025. This event was a transfer of 30 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $52.8K, with a price of $1760.0 per contract. There were 1274 open contracts at this strike prior to today, and today 86 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with bullish sentiment. It expires in 191 day(s) on September 19, 2025. Parties traded 33 contract(s) at a $300.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $1020.0 per contract. There were 253 open contracts at this strike prior to today, and today 76 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a call option sweep with bearish sentiment. It expires in 36 day(s) on April 17, 2025. Parties traded 63 contract(s) at a $555.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $29.9K, with a price of $475.0 per contract. There were 167 open contracts at this strike prior to today, and today 72 contract(s) were bought and sold. 
• For JPM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), we notice a call option sweep that happens to be bearish, expiring in 310 day(s) on January 16, 2026. This event was a transfer of 55 contract(s) at a $285.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $610.0 per contract. There were 413 open contracts at this strike prior to today, and today 62 contract(s) were bought and sold. 
• Regarding MET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>), we observe a call option sweep with bearish sentiment. It expires in 191 day(s) on September 19, 2025. Parties traded 60 contract(s) at a $75.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $54.6K, with a price of $910.0 per contract. There were 200 open contracts at this strike prior to today, and today 61 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SCHW

SOFI

Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) announced on Monday it will acquire Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings <a href="https://www.benzinga.com/news/25/03/44218758/rocket-wants-1-75-billion-redfin-deal-to-change-how-america-buys-homes">to securing a mortgage.&nbsp;</a>
The combined company aims to create a real estate and lending powerhouse that offers customers a seamless experience from search to close.
Read More:<a href="https://www.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday"> Nasdaq, S&amp;P 500 Hit 6-Month Lows As Recession Fears Grow: What&#8217;s Driving Markets Monday?</a>
&#8220;We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan — all in a matter of minutes,&#8221;&nbsp;said Glenn Kelman, CEO of Redfin.
Analysts are anticipating the acquisition to increase Zillow Group Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) NASDAQ: Z) competition with Rocket Companies, now bolstered by Redfin&#8217;s assets and capabilities.&nbsp;
Barclays research analysts see a "modest" net negative for Zillow as Rocket and Redfin will likely be a stronger, more comprehensive solution once integrated, per TipRanks.&nbsp;
Gordon Haskett upgraded Redfin to Hold from Underperform following the acquisition news on Monday.  The firm noted a negative reaction in Zillow shares as it sees a combined Redfin/ Rocket platform creating stronger competition and a more integrated real estate platform competitor. 
What Else: It should be noted that Zillow may need to reevaluate its<a href="https://investors.zillowgroup.com/investors/news-and-events/news/news-details/2025/Zillow-and-Redfin-partner-to-make-apartment-hunting-easier-and-give-listings-more-exposure/default.aspx"> recent partnership</a> with Redfin, announced just last month, which made Zillow the exclusive provider of multifamily rental listings on Redfin&#8217;s platforms.&nbsp;
Zillow paid Redfin $100 million upfront for the five-year deal that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43669201/zillows-mixed-quarter-analysts-see-strong-execution-but-caution-on-2025-guidance">was expected </a>to boost Zillow&#8217;s rental business, which generated $453 million in revenue in 2024. Redfin said it would focus on its core business areas, such as brokerage, lending and title services, while benefiting from increased traffic and revenue from its rental business.&nbsp;
It is unclear if the partnership between Zillow and Redfin will continue after Rocket's acquisition is completed.&nbsp;
Read Next:
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<li><a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a></li>
</ul>
Photo: Shutterstock

Rocket, Redfin Deal Aims To Create End-To-End Real Estate Solution: Where Does That Leave Zillow?

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling more than 700 points on Monday.
The Dow traded down 1.43% to 42,190.51 while the NASDAQ dipped 3.90% to 17,486.28. The S&amp;P 500 also fell, dropping, 2.46% to 5,628.52.
Check This Out: <a href="https://www.benzinga.com/25/03/44217073/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Energy shares rose by 2.1% on Monday.
In trading on Monday, information technology shares dipped by 4.1%.
Top Headline
U.S. consumer inflation expectations for the year ahead increased to 3.1% in February from 3% in the prior three months.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Mineralys Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) shares shot up 53% to $16.13 after the company reported topline data from its pivotal LAUNCH-HTN Phase 3 and ADVANCE-HTN Phase 2 trials of Lorundrostat for hypertension. Both trials met the primary endpoint.</li>
<li>Shares of Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>)got a boost, surging 72% to $10.03 after Rocket Companies announced it will acquire the company in an all-stock transaction valued at $12.50 per share.</li>
<li>Checkpoint Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CKPT#NASDAQ">CKPT</a>) shares were also up, gaining 64% to $4.0450 after Sun Pharma announced it will acquire the company in a $365 million deal.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NET Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NASDAQ">NPWR</a>) shares dropped 58% to $2.8899 after the company reported fourth-quarter GAAP loss of 46 cents per share versus a year-ago profit of 34 cents per share.</li>
<li>Shares of Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) were down 13% to $13.73. Rocket Companies agreed to acquire Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>), a digital real estate platform, in an all-stock transaction valued at $12.50 per share, or approximately $1.75 billion in equity.</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) was down, falling 14% to $38.35.</li>
</ul>
Commodities In commodity news, oil traded down 0.9% to $66.45 while gold traded up 0.1% at $2,914.90.
Silver traded down 0.5% to $32.635 on Monday, while copper fell 1% to $4.6620.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 1.28%, Germany's DAX 40 fell 1.86% and France's CAC 40 fell 0.64%. Spain's IBEX 35 Index fell 1.47%, while London's FTSE 100 fell 0.80%.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei gaining 0.38%, China's Shanghai Composite Index falling 0.19% and Hong Kong's Hang Seng Index falling 1.85%, India's BSE Sensex falling 0.29%.
Economics
U.S. consumer inflation expectations for the year ahead increased to 3.1% in February from 3% in the prior three months.
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<li><a href="https://www.benzinga.com/news/earnings/25/03/44217385/how-to-earn-500-a-month-from-kohls-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Kohl&#8217;s Stock Ahead Of Q4 Earnings</a></li>
</ul>

Earnings

Eurozone

CKPT

MLYS

NPWR

Dow Tumbles Over 600 Points; Mineralys Therapeutics Shares Spike Higher

Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq 100 saw the steepest declines, with Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Palantir Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) leading tech companies lower. The S&amp;P 500 and Dow Jones were also firmly r<a href="https://www.benzinga.com/25/03/44222440/financial-crime-weekly">ed in midday trading.&nbsp;</a>
President Donald Trump seemed to acknowledge the possibility of a U.S. recession in an interview with Fox News on Sunday when he referred to the current economic situation as a "period of transition"&nbsp;further fueling economic concerns. 
Read Next: <a href="https://www.benzinga.com/news/econ-s/25/03/44143666/us-services-sector-unexpectedly-expands-in-february-despite-slowing-job-growth">US Services Sector Unexpectedly Expands In February Despite Slowing Job Growth</a>
Last week, Fed Chair Jerome Powell acknowledged the current economic uncertainty and investors look to this week's Consumer Price Index and Producer Price Index data, ahead of next week's Federal Open Market Committee meeting. February's jobs report released last week signaled a softening labor market and the ISM Manufacturing PMI showed firms are already experiencing disruptions from the Trump administration's tariff policies.
The yield on U.S. 10-year Treasury note fell to 4.23% on Monday amid economic uncertainty and the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rose 1.33%.&nbsp;
U.S. natural gas futures rose as high as $4.60 MMBtu driven by extremely cold weather across North America and Europe, supply constraints and record LNG exports. The United States Natural Gas Fund LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNG#NYSE">UNG</a>) was up 3.21% midday.&nbsp;
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded below the $80,000 level, down nearly 17% for the month.&nbsp;
<h1 class="wp-block-heading">Monday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1 day % chg.</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,571.14</td>
<td>-3.34%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,649.85</td>
<td>-2.09%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,321.75</td>
<td>-1.12%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,042.10</td>
<td>-1.60%</td>
</tr>
</tbody>
</table>
</figure>
According to Benzinga Pro data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 2.22% to $563.13.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) was down 1.24% at $422.96.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropped 3.33% to $475.43.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) slipped 1.56% to $202.74.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) fell 2.62% to $200.28.</li>
<li>The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)&nbsp;rose 0.77% to $88.08.</li>
</ul>
<h1 class="wp-block-heading">Monday's Stock Movers&nbsp;</h1>
Shares of Redfin, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) soared after Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) announced it would acquire <a href="https://www.benzinga.com/news/25/03/44218758/rocket-wants-1-75-billion-redfin-deal-to-change-how-america-buys-homes">the company</a> in a $1.75 billion all-stock transaction. &nbsp;<a href="https://www.benzinga.com/quote/avgo" target="_blank" rel="noreferrer noopener"></a>
Stocks reacting to company earnings reports included:&nbsp;
<ul>
<li>Aligos Therapeutics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGS#NASDAQ">ALGS</a>)</li>
<li>Fennec Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FENC#NASDAQ">FENC</a>)</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>)&nbsp;</li>
<li>Telos Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLS#NASDAQ">TLS</a>)</li>
<li>Rand Capital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAND#NASDAQ">RAND</a>)</li>
<li>NET Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>)</li>
</ul>
Companies reporting on after the bell include:
<ul>
<li>Oracle Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</li>
<li>Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>)</li>
<li>Asana, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>)</li>
<li>LifeMD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>)</li>
<li>Grupo Supervielle S.A.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUPV#NYSE">SUPV</a>)</li>
<li>Hesai Group&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>)</li>
<li>Redwire Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>)</li>
</ul>
Read Next:<a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying" target="_blank" rel="noreferrer noopener">&nbsp;</a>
<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying" target="_blank" rel="noreferrer noopener">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a></li>
</ul>
Photo: Shutterstock

Market Summary

Federal Reserve

ALGS

ASAN

BNTX

FENC

HSAI

LFMD

ORCL

RAND

SUPV

Nasdaq, S&P 500 Hit 6-Month Lows As Recession Fears Grow: What's Driving Markets Monday?

Deep-pocketed investors have adopted a bearish approach towards Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in RKT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Rocket Companies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 41% bearish. Among these notable options, 2 are puts, totaling $79,400, and 10 are calls, amounting to $451,258.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $20.0 for Rocket Companies, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Rocket Companies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rocket Companies's whale activity within a strike price range from $13.0 to $20.0 in the last 30 days. 
<h3>Rocket Companies Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741625137_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$4.9</td>
<td>$3.2</td>
<td>$4.0</td>
<td>$15.00</td>
<td>$80.0K</td>
<td>1.3K</td>
<td>200</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/14/25</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$14.50</td>
<td>$68.8K</td>
<td>566</td>
<td>1.5K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$2.1</td>
<td>$2.0</td>
<td>$2.1</td>
<td>$20.00</td>
<td>$65.3K</td>
<td>946</td>
<td>41</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$1.55</td>
<td>$1.1</td>
<td>$1.24</td>
<td>$15.00</td>
<td>$49.6K</td>
<td>12.6K</td>
<td>427</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.7</td>
<td>$20.00</td>
<td>$46.9K</td>
<td>531</td>
<td>70</td>
</tr>
</tbody>
</table>

<h3>About Rocket Companies</h3>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
<h3>Present Market Standing of Rocket Companies</h3>
<ul>
<li>With a volume of 15,979,533, the price of RKT is down -15.03% at $13.4. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 52 days.</li>
</ul>
<h3>What Analysts Are Saying About Rocket Companies</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $12.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from Wedbush downgraded its rating to Neutral, setting a price target of $13. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods has decided to maintain their Underperform rating on Rocket Companies, which currently sits at a price target of $12. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rocket Companies options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in Rocket Companies

Fintech firm Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) <a href="https://www.benzinga.com/pressreleases/25/03/n44215457/rocket-companies-to-acquire-redfin-accelerating-purchase-mortgage-strategy" target="_blank" rel="noreferrer noopener">agreed to acquire</a> Redfin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>), a digital real estate platform, in an all-stock transaction valued at $12.50 per share, or approximately $1.75 billion in equity.
Under the terms of the agreement, Redfin shareholders will receive 0.7926 shares of Rocket Class A common stock for each Redfin share—a 63% premium over Redfin's 30-day volume-weighted average price. Rocket shareholders will own approximately 95% of the combined company upon completion, with Redfin shareholders holding the remaining 5%.
"Rocket and Redfin's approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical," said Glenn Kelman, CEO of Redfin. "We want a customer to be able to check her phone to find out what she can afford, see which homes are just right for her, schedule a tour with a local, expert Redfin agent, and get pre-qualified for a loan—all in a matter of minutes."
See Also: <a href="https://www.benzinga.com/news/25/03/44213871/canadas-next-pm-mark-carney-vows-to-win-trade-war-with-trump-says-americans-should-make-no-mistake">Canada&#8217;s Next PM Mark Carney Vows To Win Trade War With Trump</a>
Redfin boasts 50 million monthly visitors, and one million active listings.
Detroit-based Rocket expects the deal to accelerate its purchase mortgage growth by integrating real estate search, brokerage, financing, title, and servicing—building on an 8% year-over-year increase in its 2024 purchase market share. 
With a combined 14 petabytes of data spanning 100 million properties, the company plans to enhance its AI capabilities to deliver more personalized, seamless, and automated consumer experiences.
Financially, the transaction is projected to generate over $200 million in annual run-rate synergies by 2027, including $140 million in cost reductions and $60 million in new revenue opportunities. The deal is expected to be accretive to Rocket's adjusted earnings per share by the end of 2026.
The deal is expected to close in mid-to-late 2025, pending shareholder and regulatory approval. Kelman will continue to lead Redfin, reporting to Rocket CEO Varun Krishna.
Additionally, Rocket announced that it would eliminate its complex "Up-C" and high-vote/low-vote structure, reducing four classes of stock to two and enhancing transparency and flexibility for future acquisitions. Gilbert and other Rock Holdings shareholders will hold standard one-vote-per-share common stock directly in Rocket, replacing their current 10-vote shares.
Special Dividend: Rocket declared a one-time cash dividend of $0.80 per Class A share, payable April 3, 2025, to shareholders of record as of March 20.
Price Action: Rocket shares are trading lower by 10.84% at $14.06 and RDFN higher by 76.12% at $10.25 premarket on Monday&#8217;s last check.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/asset-sales/25/03/44202239/deal-dispatch-tiktok-walgreens-raizen">Deal Dispatch: Clock Ticks On TikTok, Raizen Explores Asset Sale, Investors Urge Walgreens To Go Private</a></li>
</ul>
Image: Shutterstock

Rocket Wants $1.75 Billion Redfin Deal To Change How America Buys Homes

Fintech

Press Releases

Rocket Companies CEO Varun Krishna to Present at Morgan Stanley Technology, Media & Telecom Conference

Rocket Companies Announces Fourth Quarter and Full Year 2024 Results

Rocket Companies to Acquire Redfin, Accelerating Purchase Mortgage Strategy

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Redfin

Rocket Companies (NYSE: RKT) to Acquire Redfin (NASDAQ: RDFN) in $1.75B Deal – More Stocks to Watch Inside!

Regional Management Corp. Appoints Julie Booth to Its Board of Directors

REDFIN INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Redfin Corporation - RDFN

How Artificial Intelligence (AI) is Undeniably Reshaping The Landscape of The Mortgage Industry

Mr. Cooper, America's Largest Servicer, Joins Rocket, the Nation's Largest Lender

MR. COOPER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Mr. Cooper Group Inc. - COOP

ATCH

BETR

BLNE

PNPNF

PRSO

TSXV:PNPN

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

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