
Opendoor (OPEN) And Offerpad (OPAD) Spike In After-Hours Trading: What's Going On?

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Opendoor Technologies Inc. (OPEN) shares rose 2.11% to $5.56 in after-hours trading, following a 1.87% gain during regular hours. Trading volume reached 77.04 million shares, significantly above the average. The stock is part of a meme stock trend, with support from positive housing data showing a 1.5% increase in pending home sales. Peers Offerpad Solutions (OPAD) and Zillow Group (ZG) also saw gains. Opendoor has a market cap of $5.22 billion and has increased 486.02% over the past year, indicating strong market performance.
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