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BBNX News5 articles
BETA Technologies Faces Key Week After Steep Sell-Off
BETA Technologies shares slid 5.6% to $17.13 after reporting a Q1 net loss of $122.3 million and guiding to a full-year adjusted EBITDA loss of $355-$445 million.
Opendoor Gains on Housing Data, Mortgage Beta Draws Investor Scrutiny
Opendoor Technologies shares advanced as its weekly home acquisition contracts rose 12%. The company's new 4.99% 30-year mortgage offer, currently in beta testing, is drawing investor attention amid broader housing market resilience.
Opendoor's Aggressive 4.99% Mortgage Beta Tests Profitability Path
Opendoor Technologies introduced a beta mortgage product with a 4.99% rate to stimulate transactions, as the iBuyer works to achieve profitability by late 2026 following significant annual losses.
Opendoor Shares Extend Decline as 4.99% Mortgage Beta Stirs Margin Concerns
Opendoor Technologies shares extended losses in Tuesday's premarket session, sliding roughly 5% after a sharp decline Monday. The move follows CEO Kaz Nejatian's announcement of a beta program offering 4.99% 30-year fixed mortgages to Opendoor homebuyers.
Amazon's 5.3% Stake in BETA Technologies Fuels Pre-Market Scrutiny
BETA Technologies shares held steady in premarket trading Thursday after a 15.6% surge Wednesday, driven by an SEC filing revealing Amazon's 5.3% ownership stake. Some investors questioned whether the disclosure contained new information.