TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.

News  ›  The Motley Fool

Billionaire Mat Ishbia Sells $6.9 Million in UWM Stock After Company’s Strongest Quarter Since 2021

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Billionaire Mat Ishbia Sells $6.9 Million in UWM Stock After Company’s Strongest Quarter Since 2021

UWM Holdings CEO Mat Ishbia sold nearly 1.2 million shares worth $6.9 million in open-market transactions, following the company's strongest quarter since 2021, with net income of $314.5 million and loan originations up 18% year-over-year.

Insights
MSpK   neutral

Analyst Mike Wilson provides varied scenarios from moderate pullback to potential recession, but notes earnings resilience


UWMC   neutral

Despite strong quarterly performance, consistent insider selling suggests potential caution about future growth, balanced by the company's market leadership in wholesale mortgage lending