Why Opendoor Technologies Stock Is Skyrocketing Today

With big gains today, Opendoor stock is now up more than 370% over the last three months. The NAR published its real estate report for July this morning, and its data is being interpreted as a bullish sign for Opendoor. The organization's data showed that sales of previously owned homes rose 2% on a sequential monthly basis to a seasonally adjusted annual rate of 4.01 million -- a development that bodes well for engagement on the company's platform. Existing home sales were up 0.8% year over year, and the m ...