We recently published a list of 10 Firms Kick Off Trading Week Stronger. In this article, we are going to take a look at where Mr. Cooper Group Inc. (NASDAQ:COOP) stands against other firms that kicked off the trading week stronger.
The stock market began the trading week on a mixed note as investors continued to digest President Donald Trump’s new tariff agenda, with all economies expecting to be hit by import taxes.
Among all major indices, only the Nasdaq registered losses, down 0.14 percent. In contrast, the Dow Jones jumped by 1 percent while the S&P 500 grew by 0.55 percent.
Despite the broader market downturn, 10 individual stocks stood their ground, finishing the day in the green amid a flurry of fresh corporate developments that boosted investor appetite.
In this article, we named Monday’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 direct-to-consumer channel customer checking their mortgage account online.
Mr. Cooper saw its share prices surge by 14.46 percent on Monday to finish at $119.6 apiece following Rocket Companies Inc.’s (NYSE:RKT) announcement that it would acquire the company for $9.4 billion.
In a statement, RKT said it was set to buy COOP in an all-stock transaction in a bid to accelerate its AI-powered platform and remove the friction and complexities plaguing today’s homebuying process.
“Servicing is a critical pillar of homeownership—alongside home search and mortgage origination. With the right data and AI infrastructure we will deliver the right products at the right time. That’s how we build lifelong relationships, by proactively unlocking benefits and meeting needs before they arise. We look forward to welcoming Mr. Cooper’s nearly 7 million clients,” said RKT CEO Varun Krishna.
COOP followed RKT’s acquisition of Redfin for $1.75 billion.
Overall, COOP ranks 2nd on our list of firms that kicked off the trading week stronger. While we acknowledge the potential of COOP 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 COOP 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.
