Why UWM Holdings Corporation (UWMC) Went Down On Monday?
We recently published a list of . In this article, we are going to take a look at where UWM Holdings Corporation (NYSE:UWMC) stands against other Chinese stocks that performed worst on Monday.
Wall Street's main indices finished mixed on Monday as investors remained cautious amid the escalating trade tensions globally, with President Donald Trump threatening to slap China anew with a 50-percent tariff if the latter does not withdraw its countermeasure.
The tech-heavy Nasdaq was the sole gainer during the day, up 0.10 percent. In contrast, the Dow Jones declined by 0.91 percent and the S&P 500 dropped by 0.23 percent.
Meanwhile, 10 companies—predominantly Chinese stocks—were sold down as investors moved away to minimize the potential risks from the trade war.
In this article, we have identified Monday's worst performers and detailed the reasons behind their drop.
To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.
A woman examining her finances and a mortgage payment plan on her laptop.
UWM Holdings Corp. declined for a third consecutive day on Monday, losing 10.85 percent to finish at $4.93 apiece as investor sentiment was dampened by news that mortgage rates have started falling in the aftermath of President Donald Trump's tariff policies.
With the drop in consumer confidence and the escalating trade war, fears of an economic slowdown could lead to a slowdown in housing market activity, which in turn could affect UWMC's business operations.
In recent news, UWMC named Rami Hasani as its new CFO, effective on April 1. He replaced Andrew Hubacker, who moved into a senior advisor role for the company.
Hasani joined UWMC in November 2020 as vice president for financial reporting and compliance.
'Since joining UWM in 2020, he (Hasani) has been a valuable part of our team, and we have no doubt he will continue to make a significant impact in this new role,' said UWMC President and CEO Mat Ishbia.
Overall, UWMC ranks 2nd on our list of Chinese stocks that performed worst on Monday. While we acknowledge the potential of UWMC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UWMC but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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