Biotech Stocks Dominate Monday’s Top 10 Gainers

8. Rocket Companies Inc. (NYSE:RKT)

Rocket Companies rose for a second day on Monday, adding 7.98 percent to end at $12.85 apiece, riding an overall market optimism while continuing to digest its recent shopping spree of its counterparts.

Earlier this month, RKT announced that it would acquire home loan provider Mr. Cooper (NASDAQ:COOP) for $9.4 billion 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.

Last month, RKT also announced its acquisition of Redfin (NASDAQ:RDFN) for $1.75 billion. The transaction involved the buyout of shares at a price of $12.50 apiece.

Founded in 2004, RDFN is one of America’s most recognized real estate brands, operating a top-three home search platform with more than 1 million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.