Offerpad Stock Spikes 2% In After-Hours Trading: Here's Why Its Moving
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Offerpad Solutions Inc. (OPAD) saw a 2.15% increase to $5.22 in after-hours trading, driven by speculation of Federal Reserve rate cuts. The stock has been volatile, rising from $0.91 in June to $6.23 in August, before closing at $5.11 on Tuesday. The surge is partly attributed to retail investor interest and expectations of lower borrowing costs benefiting housing market-dependent companies. OPAD's stock has increased over 325% in the last month, with a market cap of $156.28 million and a 52-week range of $0.91 to $6.35.
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