Offerpad Stock Plunges 26% After-Hours After Searing Hot Rally
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Offerpad Solutions Inc. (NYSE:OPAD) stock fell 26.65% to $4.57 in after-hours trading, following an 85.42% intraday surge. The volatility is linked to interest rate expectations and housing market fluctuations. Initial gains were driven by optimism over Federal Reserve rate cuts, benefiting companies reliant on housing turnover. However, technical resistance at $4.85 triggered a selloff. Despite the drop, OPAD has surged over 310% in two months, reflecting strong momentum in the market.
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