Feb. 25 at 6:18 PM
$TWO In case there is anyone here who doesn't know, After the upcoming merger, TWO holders will be receiving 2.3328 shares of UWMC per share. So, your price is now dependent on UWMC's price. UWMC being the #1 mortgage lender in the Country.
UWMC's price is falling through the floor because the CEO brought this company public through a SPAC and only offered like 10% of the equity in the company to be public. He has been convinced to increase that, which he is doing with a 10b5-1 plan, which sees him selling shares regardless of the share price.
Hedge Funds are taking advantage of this by shorting the price down and picking up shares at a discounted price (See the ridiculous increase in Institutional ownership and short interest).
Today was UWMC's ER. They missed by
$0.01. Shorties would have us believe that that justifies a 15% drop in market cap.
Personally, I'm buying, greatly reducing my average price per share. UWMC offers a
$0.40 per share dividend, which is presently 10.25%.
