The UWM Stock price has been in the red for some time since the United Wholesale Mortgage became publicly listed. But the company’s stock has taken a turn for the better after the CEO, Mat Ishbia, canceled the secondary stock offering citing low prices.
The cancellation of the secondary stock offering has bolstered the United Wholesale Mortgage share prices causing them to register a 16% rise today.
To help stock traders eying the UWM stock, Invezz has created a brief article on what it is and the best places to buy it.
To find out more, please continue reading.
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What is UWM stock?
UWM stock is the stock of United Wholesale Mortgage and it trades on New York Stock Exchange under the symbol NYSE: UWMC.
United Wholesale Mortgage, commonly referred to as UWM Holdings, is an American-based wholesale lender; meaning instead of offering mortgages directly to customers, it works with independent mortgage brokers to customers get superior experience to what they would get from retail mortgage lenders and banks.
It helps customers purchase and refinance mortgage loans at competitive rates.
Should I buy the UWM stock today?
UMW stock had been in the red for quite some time and it could be the best time to buy now that the bearish trend seems to have come to an end after registering a 16% rise today.
UWM stock price prediction
The toe UWM stock price still remains volatile, investors believe that the stock could easily close the year at $10.
$UMW stock social media coverage
The post UWM stock up 16% after CEO canceled the company’s secondary stock offering: here is where to buy UWM Stock appeared first on Invezz.
