UWMC: Pattern After Pattern The bullish momentum is growing

UWMC joined the NYSE on January 22, 2021. During that day we can see that the price reached its minimum at $ 10.95 and the maximum at $ 12.35. Even the lowest historical price from the chart shows that it was around $ 9.90. If we make a measurement from the lowest price we will notice the depreciation of the stock with a value of 20.30%.
On the other side, UWMC reported a 4Q20 net income of $1.37 billion and FY20 net income of $3.38 billion, an 821% and 715% increase over 4Q19 and FY19 respectively. The Board of Directors of UWMC declared its first regular quarterly dividend of $0.10 per share on the outstanding shares of Class A Common Stock.
So we can say that the company is very solid as long as the profits are very good and they declared a regular quarterly dividend.
The only problem the price is at this level is the fight against $ RKT. But as I see it all will be resolved because no one wants to ruin the business.



🛑Disclaimer🛑
The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.