Dan Gilbert's Rocket Companies sees massive surge on Wall Street Tuesday

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Posted at 6:14 AM, Mar 03, 2021
and last updated 2021-03-03 06:14:51-05

(WXYZ) — Dan Gilbert's Rocket Companies (RKT) saw a massive surge on Wall Street Tuesday, similar to that of the major GameStop rally in January.

RKT closed at $42.23 per share on Tuesday, up more than 71% from its opening.

It appears RKT is the target of the Reddit group WallStreetBets, which sent GameStop stock surging earlier this year.

Rocket Companies went public in August at a cost of $18 a share.

Last week, Rocket announced it had made $9.4 billion in profit and a dividend of $1.11 per share later this month for investors.