Why Opendoor Technologies Stock Popped Today
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Opendoor Technologies' stock rose 14.2% following a weaker-than-expected employment report, suggesting potential interest rate cuts by the Fed. The housing market has struggled due to high interest rates, impacting Opendoor's business. Despite a recent meme stock rally boosting shares by 300%, the company faces challenges and will report earnings next week, with analysts expecting flat revenue and a narrower loss per share. The stock remains volatile amid macroeconomic uncertainties and meme investor interest.
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