Why Opendoor Technologies Stock Was Soaring Again Today
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Opendoor Technologies' stock surged 15.7% today, continuing a two-day rally fueled by last Friday's jobs report, which raised hopes for a Fed interest rate cut. Despite no direct news affecting Opendoor, strong call-buying activity ahead of its earnings report contributed to the gains. Analysts expect flat revenue of $1.5 billion and a narrowed adjusted loss per share of $0.02. The stock's volatility is likely to persist as investors await management's insights on mortgage rates, which could influence future performance.
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