Rocket Companies Inc. (NYSE:RKT) took a hit, dropping 4.83% on Monday after completing its $14.2 billion acquisition of Mr. Cooper Group. The merger led to a leadership change, with Mr. Cooper CEO Jay Bray now serving as president and CEO of Rocket Mortgage. Shares of RKT have fallen 13.5% in the past three trading days.

As part of the acquisition, Mr. Cooper will be rebranded under the Rocket umbrella. While RKT shows promise as an investment, some AI stocks may offer higher returns with limited downside risk. For those seeking an affordable AI stock benefiting from Trump tariffs and onshoring, check out our report on the best short-term AI stock.

Investors continued to dump shares of Rocket Companies Inc. (NYSE:RKT) as the stock extended its losing streak for a third consecutive day. The completion of the acquisition of Mr. Cooper Group may have contributed to the decline, with RKT closing at $16.94 on Monday.

Read more at Yahoo Finance: Rocket Companies (RKT) Drops Anew on 3rd Day on Fresh Developments