Just saw UWM Holdings' CEO Mat Ishbia dumped 1.27 million shares for $6.5M back in early February. Not huge by his standards but still significant - that's about 18% of his holdings at the time. Guy's been selling pretty regularly since December when he had way more indirect shares.

What's interesting is the timing. The stock got absolutely hammered last year, down nearly 29% through February. But then they dropped a solid Q4 earnings report in late February showing over a billion in revenue for the first time since 2021. That's a 300% YoY jump from Q4 2024. So either Ishbia was getting out before things got worse, or he's just diversifying while the company's trying to turn things around.

The bigger story though is they're acquiring Two Harbors, a real estate investment trust, which should close in Q2 this year. That could actually help their mortgage servicing game. Between the earnings bounce and this acquisition, there's potential for the stock to recover. But real talk - it's still way down from where it was, so we'll see if this turnaround actually sticks or if it's just a dead cat bounce. Anyone holding UWMC or watching it?