--- title: "U.S. stock market midday update: Ohmyhome down 14.17% with increased volume, no major negative news but funds are fleeing" type: "News" locale: "en" url: "https://longbridge.com/en/news/292520233.md" description: "Ohmyhome fell 14.17%; Opendoor Tech fell 2.73%, with a transaction volume of USD 215 million; Costa rose 0.70%, with a transaction volume of USD 8.371 million; CBRE fell 0.82%, with a transaction volume of USD 6.333 million; Beike rose 3.11%, with a market value of USD 18.8 billion" datetime: "2026-07-13T18:12:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292520233.md) - [en](https://longbridge.com/en/news/292520233.md) - [zh-HK](https://longbridge.com/zh-HK/news/292520233.md) generator: "portal-rs" --- # U.S. stock market midday update: Ohmyhome down 14.17% with increased volume, no major negative news but funds are fleeing **U.S. Stock Market Midday Update** Ohmyhome, down 14.17%, with increased trading volume and no significant news recently. Trading is active, with clear capital flows. Considering sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. **Stocks with High Trading Volume in the Industry** Opendoor Tech down 2.73%. Based on recent key news: 1. On July 12, the CEO of Opendoor Tech emphasized strong performance for 2026 in a shareholder letter. Despite revenue increasing year-on-year to $14.7 million, the net loss still reached $1.2 million. The company plans to launch onboard digital bulletin board services in the third quarter and open a new office in Japan in the fourth quarter, which may further attract market attention. Source: Benzinga. The overall industry performance is stable, with noticeable capital inflows. Kosta up 0.70%. Based on recent news, 1. On July 10, RBC Capital analyst Ashish Sabadra maintained a hold rating on Kosta Group and set a target price of $34. Kosta Group's stock closed at $28.39 last Friday. The analyst's rating and target price had a positive impact on market sentiment, driving the stock price up. 2. On July 10, TipRanks launched a new ETF, code RANK, which tracks the performance of 50 large U.S. companies based on TipRanks' unique data. This news increased market attention on Kosta Group, further driving the stock price up. Increased market attention on Kosta Group pushed the stock price higher. CBRE down 0.82%. Based on recent news, 1. On July 13, CBRE, in collaboration with Colliers International, jointly represented the sale of the entire serviced apartment building at 68 Robinson Road, Mid-Levels, Hong Kong. The property has redevelopment potential, attracting investor interest, but the market response was below expectations, leading to a decline in stock price. 2. On July 12, CBRE released a report showing that the transaction amount in Beijing's bulk property investment market increased by 50% year-on-year in the first half of the year, reaching the highest level for the same period since 2022. However, there are doubts about the sustainability of future growth, affecting investor confidence. 3. On July 13, CBRE released data showing that the net absorption in Guangzhou's office market decreased by 19% in the first half of the year, although activity improved in the second quarter. Nevertheless, the overall market performance remains unstable, putting pressure on the stock price. There is uncertainty regarding the property investment outlook. **Stocks with High Market Capitalization in the Industry** Beike up 3.11%. Based on recent news, 1. On July 13, Citigroup released a research report expecting the mainland real estate industry to rebound after September, with Beike and other companies as top picks. The report noted that in the first week of July, the transaction volume of second-hand houses in 18 cities nationwide increased by 12% year-on-year, with first-tier cities seeing a 21% increase, reflecting an improving market trading atmosphere. Citigroup believes that the sales growth rate in the mainland real estate market will further accelerate in the coming months, benefiting companies like Beike 2. On July 10th, Beike spent approximately USD 5 million to repurchase 958,800 shares, with a repurchase price of USD 5.18-5.3 per share. This move demonstrates the company's confidence in its own business and boosts market sentiment. 3. On July 10th, Beike executed the aforementioned repurchase plan on the New York Stock Exchange, with a total amount of USD 4.9999 million, further enhancing investor confidence in the company. The mainland real estate industry is expected to recover, and market trading has improved ### Related Stocks - [OMH.US](https://longbridge.com/en/quote/OMH.US.md) - [OPEN.US](https://longbridge.com/en/quote/OPEN.US.md) - [CSGP.US](https://longbridge.com/en/quote/CSGP.US.md) - [CBRE.US](https://longbridge.com/en/quote/CBRE.US.md) - [BEKE.US](https://longbridge.com/en/quote/BEKE.US.md) ## Related News & Research - [Ohmyhome Shareholders Approve 50-for-1 Share Consolidation and Governance Changes](https://longbridge.com/en/news/296521543.md) - [Ohmyhome shareholders approve 1-for-50 share consolidation](https://longbridge.com/en/news/296495680.md) - [Barnes & Noble to open 27,000-sq-ft flagship store in Costa Mesa, California](https://longbridge.com/en/news/296503226.md) - [3 Dividend Stocks to Buy and Hold for the Next 5 Years](https://longbridge.com/en/news/296678161.md) - [CoStar Group Completes Acquisition of Zonda, Expanding into New Home Data, Analytics and Online Marketplaces | CSGP Stock News](https://longbridge.com/en/news/296622112.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**