After taking a downward roller-coaster for the better part of 2021, the UWMC stock is slowly returning to green following a recent cancellation of a secondary stock offering by the CEO. The market was roaring for the better part of Monday before sliding into the current retracement.
Most stock market analysts believe the stock is a strong buy and hold waiting for the price to start roaring upwards.
To help stock traders eying the UWMC 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 UWMC stock?
UWMC 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 refinances mortgage loans at competitive rates.
Should I buy the UWMC stock today?
If you are looking for a stock that has the potential of giving great returns once it turns green, the UWMC is a good choice.
UWMC stock price prediction
Although the UWM stock price remains volatile, investors believe that the stock could close the year at $10.
$UWMC stock social media coverage
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