Why Opendoor Technologies Stock Jumped Today
Shares of Opendoor Technologies (NASDAQ: OPEN) were popping again today as the home-flipping specialist was one of the main beneficiaries of this morning's cooler-than-expected inflation report.
As a result, the stock finished today's session up 9.9%.
Opendoor is a real estate tech company whose primary business is flipping homes, i.e., selling them for more than it paid. That makes it particularly sensitive to interest rates and mortgage rates as home prices tend to fall when rates go up and rise as they go down.
Source Fool.com
