Lending Stock Hits Record Highs on Billion-Dollar Buyout News

Short interest has been building, up 23.2% in the last month. With these shorts now underwater, a round of short covering could be providing additional tailwinds. Consumer lending stock Mr. Cooper Group Inc (NASDAQ:COOP) is surging today, up 18% at $123.30 at last glance, after news that fintech firm Rocket Companies (RKT) is acquiring the company for$9.4 billion in an all-stock deal as it looks to expand its mortgage-related offerings. RKT is moving lower after the news, down 7.8% at last glance. On the c ...