Opendoor Jumps 11%, Outpacing Offerpad and Zillow as iBuyer Stock Traders Pick Winners

Opendoor (OPEN) shares rose 11% to $5.30 midday Thursday, outperforming the rest of the iBuyer group despite an otherwise uneven session for beaten-down real estate stocks. The move suggests improving near-term sentiment/positioning rather than a clearly stated company-specific fundamental catalyst in the report.

Analysis

Opendoor (OPEN) shares rose 11% to $5.30 midday Thursday, outperforming the rest of the iBuyer group despite an otherwise uneven session for beaten-down real estate stocks. The move suggests improving near-term sentiment/positioning rather than a clearly stated company-specific fundamental catalyst in the report.