Why UWM Holdings Corp. (UWMC) Crashed On Monday

We recently published a list of These 10 Stocks Already Sank in June. In this article, we are going to take a look at where UWM Holdings Corp. (NYSE:UWMC) stands against other worst performers on Monday.

UWM Holdings dropped its share prices by 4.88 percent on Monday to finish at $4.09 apiece, as investors repositioned portfolios to mitigate risks amid renewed global trade fears.

For the past four trading days, shares of UWM Holdings Corp. (NYSE:UWMC) saw a rally in its shares following its win against Okavage Group over its “All-In” initiative that prohibits mortgage brokers from working with competitors such as Rocket Mortgage and Fairway Independent Mortgage Corp.

The new Court decision officially ended the two firms’ four-year legal battle.

In the first quarter of the year, UWM Holdings Corp. (NYSE:UWMC) swung to a net loss of $247 million from a net income of $180 million in the same period last year, and $40 million in the fourth quarter of 2024.

Revenues, however, inched up by 4.79 percent to $613 million from $585 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.