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Why Rocket Companies Stock Crashed Today – Motley Fool

After soaring on Tuesday, the mortgage giant’s shares came crashing back down to earth.

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What happened
Rocket Companies (NYSE:RKT) plunged 33% on Wednesday after analysts warned that the stock had come too far, too fast. 
So what
Rocket’s share price surged more than 70% on Tuesday in what appeared to be another Reddit-fueled short squeeze. Yet late last night, RBC Capital analyst Daniel Perlin cut his rating on Rocket’s stock from outperform to sector perform and reiterated his $30 price forecast. That was 28% below where Rocket’s stock closed yesterday. 
Shares of Rocket Companies…

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