$33.95
+0.19 (+0.56%)
ZG News11 articles
Opendoor Contracts Rise 12% as Margins and Mortgage Rates Diverge
Opendoor's weekly acquisition contracts rose 12% as of July 18, but shares slipped 2.2% amid rising mortgage rates and margin scrutiny ahead of Q2 earnings.
Opendoor (OPEN) Faces Q2 Earnings Test After Week of Heavy Trading
Opendoor shares ended the week at $4.50 after unusually high trading volume, with about 55% of shares changing hands. The company reports Q2 results on August 4.
Opendoor Surges 9.6% on Heavy Volume, Short Sellers Squeezed
Opendoor Technologies (NASDAQ:OPEN) jumped 9.6% to $5.065 on Wednesday, with midday trading volume reaching 40.1 million shares, nearly matching its 65-day average. Short interest is 19.07% of float.
Mortgage Rates Remain Near Lows, Refi Savings Elusive
Mortgage rates are near recent lows, but the gap between quoted and actual rates keeps refinancing out of reach for most homeowners. Housing construction spending also declined.
Opendoor Prepares for Russell 3000 Inclusion Amid Housing Market Challenges
Opendoor shares rose 0.8% to $4.34 as investors position for Russell 3000 inclusion. Q1 revenue fell to $720M with a $173M net loss, and the company warns of mortgage rate and housing market risks.
Opendoor Surges on Russell 3000 Index Inclusion Anticipation
Opendoor Technologies climbed 4.9% to $5.57 as investors anticipate its addition to the Russell 3000 Index, driving heavy trading volume and index-related flows.
Opendoor Technologies Joins Russell 3000 Index, CEO Increases Stake
Opendoor Technologies (OPEN) shares jumped 6% premarket after the company announced its inclusion in the Russell 3000 Index, effective June 26. CEO Kaz Nejatian purchased 100,000 shares, increasing his stake to 83.58 million.
Opendoor Stock Jumps on Russell 3000 Index Inclusion
Opendoor Technologies shares rose 8.6% on news of its upcoming inclusion in the Russell 3000 Index, with over 36 million shares traded.
CoStar Leaves Nasdaq-100: What Investors Should Know
CoStar Group will be removed from the Nasdaq-100 index before Monday's open, replaced by Lumentum. The stock rose 2.6% Friday on heavy volume as index funds adjust.
Opendoor Stock Dips as Rising Mortgage Rates Pressure Spring Housing Outlook
Opendoor Technologies stock declined roughly 2% as mortgage rates climbed to their highest level since December, clouding the spring homebuying season. The company forecasts a sequential revenue drop and ongoing EBITDA losses.
U.S. Mortgage Rates Hold Near 6.2% as Refinance Demand Stays Subdued
Average 30-year fixed mortgage rates remain elevated around 6.2%, with refinance activity limited as rates stay above key psychological thresholds. High home prices continue to pressure affordability despite recent declines from peaks.