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Why UWM Holdings Stock Was Up 16.2% This Week

Why UWM Holdings Stock Was Up 16.2% This Week

UWM Holdings (NYSE: UWMC) saw its stock price surge 16.2% this week, from last Friday's close through 11:00 a.m. EST today, according to S&P Global Market Intelligence. The stock is trading at about $4.83 per share as of Friday morning at 11:00 a.m. EST, up about 46% year to date. Overall, the markets were up slightly this week: The S&P 500 gained 1.1%, the Dow Jones Industrial Average was up 0.9%, and the Nasdaq Composite was up 1.6% for the week as of this morning at 11:00 a.m. EST.