10 Firms Kick Off Trading Week Stronger

2. Mr. Cooper Group Inc. (NASDAQ:COOP)

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.