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Prospects of Rate Cuts Spark a 13.4% Rebound in Opendoor
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Anticipated policy easing lifted Opendoor by 13.
Improving odds of near-term U.S. monetary easing catalyzed a 13.4% advance in Opendoor Technologies. Lower-rate expectations buoyed real-estate and mortgage-adjacent equities, while internal datapoints indicated firmer buyer interest and manageable inventory. Management pointed to selective market expansion and disciplined acquisition underwriting. Coverage notes framed the move as rotation into cyclicals leveraged to financing costs. After recent underperformance, the bounce restored technical momentum ahead of pivotal Federal Reserve communications that could stabilize housing-tech valuations.