Latest news with #UWMHoldingsCorp
Yahoo
03-06-2025
- Business
- Yahoo
Why UWM Holdings Corp. (UWMC) Crashed On Monday
We recently published a list of . In this article, we are going to take a look at where UWM Holdings Corp. (NYSE:UWMC) stands against other worst performers on Monday. UWM Holdings dropped its share prices by 4.88 percent on Monday to finish at $4.09 apiece, as investors repositioned portfolios to mitigate risks amid renewed global trade fears. For the past four trading days, shares of UWM Holdings Corp. (NYSE:UWMC) saw a rally in its shares following its win against Okavage Group over its 'All-In' initiative that prohibits mortgage brokers from working with competitors such as Rocket Mortgage and Fairway Independent Mortgage Corp. A woman examining her finances and a mortgage payment plan on her laptop. The new Court decision officially ended the two firms' four-year legal battle. In the first quarter of the year, UWM Holdings Corp. (NYSE:UWMC) swung to a net loss of $247 million from a net income of $180 million in the same period last year, and $40 million in the fourth quarter of 2024. Revenues, however, inched up by 4.79 percent to $613 million from $585 million year-on-year. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-04-2025
- Business
- Yahoo
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.
Yahoo
04-04-2025
- Business
- Yahoo
Why UWM Holdings Corp. (UWMC) Went Up On Wednesday?
We recently published a list of . In this article, we are going to take a look at where UWM Holdings Corp. (NYSE:UWMC) stands against other top performing stocks on Wednesday. Wall Street's three major indices finished in the green territory on Wednesday as investors continued to digest news of President Donald Trump's tariff rollout on imports. The tech-heavy Nasdaq finished the day strongest, adding 0.87 percent. The S&P 500 grew 0.67 percent, while the Dow Jones was up 0.56 percent. Ten individual stocks mirrored a broader market optimism, closing the day in the green amid a series of corporate developments that sparked buying appetite. In this article, we named Wednesday's top performers and detailed the reasons behind their gains. To come up with the list, we considered only the stocks with a $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 rallied by 8.22 percent on Wednesday to finish at $5.79 apiece following the appointment of its new chief financial officer (CFO). In a statement on Tuesday, 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. 'We are thrilled to announce Rami's transition into the role of CFO, a position he has rightfully earned through the confidence of myself, our leadership team, and the entire organization,' said UWMC President and CEO Mat Ishbia. 'Since joining UWM in 2020, he 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. We also extend our gratitude to Andrew for his many contributions as our CFO and appreciate his continued expertise in his new role as a senior advisor.' Prior to joining the company, Hasani spent over 15 years at Deloitte & Touche, LLP, most recently serving as a Senior Manager in the Advisory practice. He also holds a bachelor's degree from Oakland University in accounting and has been a Certified Public Accountant since 2004. Overall, UWMC ranks 7th on our list of top performing stocks on Wednesday. While we acknowledge the potential of UWMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as UWMC but trades at less than 5 times its earnings, check out our report about the 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. Sign in to access your portfolio
