Shares of Rocket Companies (RKT) surged 5.08% in after-hours trading on Thursday, following a notable disclosure from a prominent investment firm.

The after-hours rally was triggered by news that Soros Fund Management, the investment firm founded by billionaire George Soros, has reported a stake of 360,400 Class A shares in Rocket Companies. This revelation, made public through regulatory filings, signals a vote of confidence from one of the world's most watched investors.

Rocket Companies, a leading tech-driven real estate, mortgage, and financial services business, has been navigating a challenging market environment amid rising interest rates and a cooling housing market. The investment by Soros Fund Management could be interpreted as a bullish signal for the company's prospects, potentially influencing other investors' sentiment towards the stock.