UWM Holding ( (UWMC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
UWM Holdings Corporation’s stock has experienced a notable movement due to a recent upgrade by KBW, which shifted its rating to a Buy. This change comes after a 5% stock decline post-Q4 earnings, which KBW believes is overstated. Analysts emphasize UWM’s robust position in the mortgage market and its potential gains from a stabilizing environment, given its significant market share in both purchase and refinance segments. Despite this positive outlook, Wedbush and Barclays continue to hold a Hold rating. UWM’s latest earnings report revealed a substantial improvement with quarterly revenue of $560.21 million and a net profit of $8.92 million, marking a turnaround from a net loss the previous year, indicating strong growth despite market challenges.
More about UWM Holding
YTD Price Performance: 11.35%
Average Trading Volume: 3,285,878
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $10.04B
For further insights into UWMC stock on TipRanks’ Stock Analysis page.
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