UWM (UWMC) shares were down 6.3% in Wednesday trading after Keefe, Bruyette & Woods downgraded the company's stock to market perform from outperform, with a price target of $1.50.

Trading volume stood at over 9.3 million shares, compared with a daily average of about 16.5 million.

Price: 1.13, Change: -0.08, Percent Change: -6.25