Opendoor (OPEN) Stock Surge Continues As Rate Cut Hopes Fuel Real Estate Rally

Opendoor (OPEN) Stock Surge Continues As Rate Cut Hopes Fuel Real Estate Rally

Shares of Opendoor Technologies extended their rally Tuesday, gaining 2.83 and contributing to a 48 surge over the past five sessions, according to Benzinga. The move follows Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium, where he suggested the central bank may consider interest rate cuts, boosting optimism in the housing sector. Lower borrowing costs would make mortgages more affordable, benefiting Opendoor’s iBuying model. The stock has climbed 114 over the past month as interim CEO Shrisha Radhakrishna outlined plans for an AI-driven, multi-product strategy.


User: Benzinga

Views: 11

Uploaded: 2025-08-27

Duration: 00:36