"Activist hedge fund ValueAct Capital, led by Jeff Ubben, purchased 26.3 million shares of Rocket Companies (NYSE:RKT) on Oct. 1, a day after day the Federal Trade Commission (FTC) filed an antitrust lawsuit against its unit, Redfin, and Zillow (Nasdaq:ZG), alleging that the real estate platforms entered into an unlawful agreement to suppress competition in the online rental housing advertising market."
They bought at $19.50. Says something about where they think RKT stock is heading...
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