RTTNews | Nov 19, 2021 10:28AM EST

10:28 Friday, November 19, 2021 (RTTNews.com) - UWM Holdings Corp. (UWMC) shares are trading more than 22 percent on Friday morning after the company said its principal shareholder SFS Holding Corp. has terminated the previously announced secondary offering of Class A Common Stock and concurrent stock repurchase effective immediately.

The Offering was intended to increase UWMC's public float by approximately 50 percent.

Currently, UWMC shares are at $6.77, up 22.55 percent from the previous close of $5.52 on a volume of 10,905103. For the 52-week period, the shares have traded in a range of $5.41-$14.38 on average volume of 2,393,176.

Read the original article on RTTNews ( https://www.rttnews.com/3243826/uwm-holdings-shares-spike-22-after-terminating-secondary-stock-offering.aspx)

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