Core Viewpoint - Linkhome Holdings Inc. has experienced a significant surge in stock price following a strategic partnership with Move Inc., enhancing its AI capabilities and access to nationwide real estate data [2][3]. Group 1: Stock Performance - Linkhome shares rose 21.54% in after-hours trading, reaching $13.60, after closing the regular session up 20.45% at $11.19 [1]. - The stock has gained 98.76% over the past 12 months but has seen a decline of 11.89% over the past five days, indicating a strong uptrend despite recent bearish movement [6]. - The company has a market capitalization of $181.61 million, with stock trading between a 52-week high of $22.33 and a low of $4.20, currently at 38.6% of its 52-week range [7]. Group 2: Strategic Developments - Linkhome announced a partnership with Move Inc., allowing access to nationwide Multiple Listing Service data across all 50 states [2]. - The company plans to utilize proprietary large-scale AI models for analyzing listings, transactions, and market trends, aimed at improving property discovery and transaction efficiency [3]. Group 3: Financial Capacity - Linkhome Mortgage has secured up to $400 million in combined credit facilities through partnerships with Axos Bank and Simmons Bank [4]. - This funding is intended to support residential mortgage origination, expand the Cash Offer program, and enhance transaction speed while lowering costs [5].
Why Did Linkhome Holdings (LHAI) Stock Jump 21% After Hours? - Linkhome Holdings (NASDAQ:LHAI), News (NASDAQ:NWSA)