UWM Holdings Corporation shares are trading lower after JMP Securities downgraded the stock from Market Outperform to Market Perform.
Portfolio Pulse from Benzinga Newsdesk
UWM Holdings Corporation's stock has been downgraded from Market Outperform to Market Perform by JMP Securities, leading to a decrease in the trading price.
August 08, 2023 | 5:02 pm
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UWM Holdings Corporation's stock has been downgraded by JMP Securities, which has resulted in a decrease in the stock's trading price.
The downgrade of UWM Holdings Corporation's stock by JMP Securities from Market Outperform to Market Perform is a negative signal to investors, which can lead to selling pressure and a decrease in the stock's price. This is why the stock is trading lower.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100