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Stock Market Today: Stocks notch fresh records despite hotter than expected inflation print
Yahoo Finance· 2025-09-11 15:34
This live blog is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet's Stock Market Today for Sept. 11, 2025. You can follow the latest updates on the market here with our daily live blog. Update: 10:36 a.m. ET Equities Rally: Indexes Setting All-Time Highs The Dow (+1.27%), S&P 500 (+0.71%), and Nasdaq Composite (+0.56%) just notched fresh intraday highs, continuing to add to gain ...
Why Opendoor's New Strategy Won't Work - Strong Sell (NASDAQ:OPEN)
Seeking Alpha· 2025-09-10 23:41
Opendoor Technologies Inc. (NASDAQ: OPEN ) shares are up Monday morning, about 4.5% in pre-market. The stock has been on quite a run this summer, up 454% on the 6-month chart. However, many investors and analysts alike are worried aboutI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. ...
Opendoor Stock Rallies On New CEO, Founders Rabois And Wu Return To Board To 'Inject Founder DNA'
Benzinga· 2025-09-10 22:32
Opendoor Technologies, Inc. OPEN stock climbed in Wednesday’s extended trading after the company announced that Kaz Nejatian, COO of Shopify, Inc. SHOP, was appointed chief executive officer and that co-founders Keith Rabois and Eric Wu are returning to the board of directors. “Founder DNA” Investors cheered the new CEO and return of co-founders Rabois and Wu.Rabois will assume the role of chairman of the board, and Eric Feder will continue in his role as lead independent director.Read Next: Oracle Stock Ro ...
Why Opendoor Technologies Stock Jumped but Then Dropped Today
Yahoo Finance· 2025-09-08 17:51
Core Viewpoint - Opendoor Technologies' stock is experiencing high volatility, with significant fluctuations driven by retail trading and social media influence, making it a risky investment option [1][3][6]. Group 1: Stock Performance - Opendoor's stock surged by as much as 10% on Monday morning but later lost those gains, trading down by 3.8% by midday [1]. - The trading volume for Opendoor exceeded its 65-day average within the session, indicating heightened trading activity [4]. Group 2: Influencing Factors - A notable factor in the stock's early rise was a 30,000-share purchase by the interim CEO, which occurred on August 28, after his appointment [3][4]. - Social media campaigns advocating for the return of co-founder Keith Rabois have also contributed to increased trading volume, despite no indication of his return [5]. - The stock's high short interest, with over 24% held by short-sellers as of mid-August, suggests that any upward movement could trigger a short squeeze [5]. Group 3: Market Context - Opendoor's business is facing challenges due to a sluggish housing market, although potential interest rate cuts by the Federal Reserve may provide some relief [6]. - The current trading dynamics, driven by retail traders, are viewed as short-term noise, contrasting with the long-term struggles of the company's business model [6][7].
What's Happening With Offerpad Stock?
Forbes· 2025-09-02 10:55
Group 1 - Offerpad Solutions stock (NYSE:OPAD) experienced a trading increase of approximately 130%, gaining attention as a meme stock driven by online hype rather than fundamentals [2] - The stock's surge is also influenced by Fed Chair Jerome Powell's indication of a potential interest rate cut in September, which could enhance housing activity and demand on Offerpad's platform [2] - Peers like Opendoor have also benefited, with its stock nearly tripling in value this year [2] Group 2 - Despite the stock's seemingly low Price-to-Sales ratio of 0.2x compared to the S&P 500's 3.3x, this figure is misleading as Offerpad recognizes full home sale prices as revenue, not actual profit margins [3] - The company has experienced a 42% average annual revenue decline over the last three years, with a 30% decline in the last twelve months, indicating weak underlying performance [3] - Offerpad's operating margins are at -6% and net margins at -8%, with significant debt of $217 million, which is about double its $111 million market capitalization [3]
reAlpha to Present at the 27th Annual H.C. Wainwright Global Investment Conference in New York
Globenewswire· 2025-08-29 20:30
Core Insights - reAlpha Tech Corp. will present at the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, in New York City [1][2] - The presentation is scheduled for September 8th at 11:00 AM ET, with opportunities for one-on-one investor meetings [2] - CEO Mike Logozzo emphasized the importance of the conference for updating the investment community on the company's progress and its AI-powered technology's impact on the homebuying journey [3] Company Overview - reAlpha Tech Corp. is an AI-powered real estate technology company focused on transforming the U.S. real estate services market, which is valued in the multi-trillion-dollar range [4] - The company is developing an end-to-end platform that integrates brokerage, mortgage, and title services to streamline real estate transactions [4] - reAlpha employs a strategic, acquisition-driven growth model and proprietary AI infrastructure to create a vertically integrated ecosystem aimed at simplifying and making homeownership more affordable [4]
Why Opendoor Technologies Stock Is on the Move Today
The Motley Fool· 2025-08-29 19:43
The meme stock continues to see major volatility.Shares of Opendoor Technologies (OPEN 4.33%) are moving higher on Friday, up 2.2% as of 1:56 p.m. ET, but were up as much as 15.5% earlier in the day. The jump comes as the S&P 500 has lost 0.7% and the Nasdaq Composite has lost 1.3%.Though most of the gain didn't stick, the meme stock flew upward following the appearance of EMJ Capital's Eric Jackson on Yahoo! Finance's show "Opening Bid."Eric Jackson once again sends Opendoor stock higherMr. Jackson is larg ...
FangDD Reports First Half 2025 Unaudited Financial Results
Globenewswire· 2025-08-29 12:30
Core Viewpoint - Fangdd Network Group Ltd. reported a significant increase in revenue and closed-loop GMV for the first half of 2025, driven by supportive government policies and improved market conditions in China's real estate sector [1][3][4]. Financial Highlights - Revenue for the six months ended June 30, 2025, increased by 45.3% to RMB203.4 million (US$28.4 million) from RMB140.0 million for the same period in 2024 [4]. - Total closed-loop GMV facilitated on the Company's platform increased by 27.3% to RMB8.0 billion (US$1.1 billion) compared to RMB6.2 billion for the same period in 2024 [3]. Operating Highlights - The growth in closed-loop GMV was attributed to supportive government policies, improving market conditions, and the Company's focus on core projects and partnerships with reputable developers [3]. - The sales area of new property in China decreased by 3.5% year-over-year, while sales revenue dropped by 5.5% year-over-year, indicating a gradual stabilization in the market [3]. Cost and Profitability - Cost of revenue increased by 51.0% to RMB184.9 million (US$25.8 million) due to higher commission fees paid to agents [5]. - Gross profit increased by 5.7% to RMB18.5 million (US$2.6 million), but gross margin decreased to 9.1% from 12.5% due to lower contributions from higher-margin services [6]. Net Income and Loss - The Company reported a net loss of RMB39.2 million (US$5.5 million) for the first half of 2025, compared to a net income of RMB16.4 million for the same period in 2024 [9]. - Basic and diluted net loss per share were RMB12.7 (US$1.8) and RMB9.7 (US$1.4), respectively [10]. Liquidity - As of June 30, 2025, the Company had cash and cash equivalents, restricted cash, and short-term investments totaling RMB188.1 million (US$26.3 million) [11].
美股异动 | Opendoor Technologies(OPEN.US)涨超7% 过去60日累涨超616%
智通财经网· 2025-08-28 14:41
Core Viewpoint - Opendoor Technologies' stock price has increased significantly, rising over 7% on Thursday and showing a cumulative increase of more than 616% over the past 60 days [1] Company Summary - As of the latest report, Opendoor Technologies (OPEN.US) shares are trading at $4.31 [1] - The stock has demonstrated remarkable performance, with a substantial rise in value over a two-month period [1]
reAlpha Expands Homebuying Platform into Georgia, Activating Third State in National Realty Rollout
Globenewswire· 2025-08-27 20:32
Core Viewpoint - reAlpha Tech Corp. is expanding its AI-powered real estate platform into Georgia, marking its entry into a third major state and enhancing its operational footprint [1][2][3] Group 1: Expansion Details - Georgia recorded over 125,000 home sales in 2024, with a median sale price of $375,000, leading to an annual residential transaction volume of approximately $47 billion [2] - The expansion targets key markets in Georgia, including Atlanta, Savannah, Augusta, and Macon, to serve a growing base of prospective homebuyers [2][3] - The company aims to leverage a media-for-equity partnership with Mercurius Media Capital to enhance brand awareness and consumer reach in Georgia [3] Group 2: Platform Features - reAlpha's AI-powered homebuying platform offers a commission-back experience, saving an average of around $8,000 at closing for homebuyers [4][7] - The platform integrates various services such as realty, title, and mortgage, providing personalized home recommendations and real-time support through its AI assistant, Claire [4][8] - The platform currently has IDX coverage reaching approximately 97% of active listings in Georgia [6] Group 3: Existing Operations - reAlpha has been operating in Georgia since 2018 through its licensed AI-enhanced mortgage subsidiary, reAlpha Mortgage, which currently operates across 30 states [5] - The addition of real estate brokerage capabilities positions reAlpha to deliver a more connected experience for homebuyers in Georgia [5][7] Group 4: Future Plans - The company plans to launch its services in additional states in the coming months, following its expansion into Georgia [7]