Replies to post #742023 on Mr Cooper Group Inc fka COOP

[jhdf51]

Wow. Thank you. So why the drop?

[sunshinevibrations]

Apparently, at that time, RKT was one of the stocks that benefited from pumping by WallStreetBets, leading to a temporary short squeeze. Also, they had announced a $1.11/share dividend a few weeks before. It had never been close to that price before and hasn't been since.

I think something in the $20 range is more realistic (even though that's still a hopeful speculation). Just getting back to $14 would be a big win.

Here's an article from that time:

https://marketrealist.com/p/is-rkt-stock-undervalued-good-buy-now/