Beta Technologies Inc -Cl A

Joby Aviation (JOBY) dropped 1.4% to $9.86 on volume 66% above average, pressured by legal conflicts in the eVTOL sector and the upcoming Russell index rebalancing.

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.

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.

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 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 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.