NEW YORK, Jan 17, 2026, 06:57 EST — The market has closed.
- Shares of Opendoor climbed Friday following SRx Health Solutions’ announcement of a stock investment.
- As traders enter a holiday-shortened week in the U.S., housing and interest rates continue to set the stage.
- Investors are focused on upcoming housing data and the next scheduled earnings report.
Opendoor Technologies Inc (OPEN.O) shares ended Friday 5.9% higher at $6.67 following news that SRx Health Solutions invested in the online home-buying firm’s common stock. The size of the stake wasn’t disclosed. The stock fluctuated between $6.31 and $6.92, with roughly 68 million shares changing hands. (Investing)
Timing is key here since Opendoor acts as a barometer for sentiment in the U.S. housing market. Even minor news can swing its stock, particularly with investors divided over whether falling borrowing costs are finally luring buyers back in.
Housing data came in mixed over the weekend. The key homebuilder sentiment index dropped once more in January. At the same time, the average 30-year mortgage rate dipped to a three-year low of 6.06%, Reuters reported. NAHB Chairman Buddy Hughes noted, “Affordability conditions are taking a toll on the lower and mid-range sectors.” (Reuters)
Friday’s surge happened while the wider market barely moved. U.S. shares finished almost unchanged before the long weekend, with the S&P 500 slipping 0.06% and the Nasdaq Composite also down 0.06%, Reuters reported. Wall Street remained closed Monday for the Martin Luther King Jr holiday. (Reuters)
Opendoor operates using an iBuyer model, making almost immediate offers to buy homes and then flipping them. This approach works well when prices hold steady and borrowing costs remain low. But it can backfire if houses linger on the market or local prices decline.
SRx’s move stands out mainly because it’s a corporate treasury buyer stepping into a housing-related stock. The company described the Opendoor acquisition as part of a wider plan to put surplus cash into public securities, digital assets, and commodities. It also indicated its Opendoor stake could shift as time goes on.
Yet the main risk for Opendoor remains clear: its earnings depend heavily on housing turnover and funding expenses, both of which can swing rapidly. Should mortgage rates rise again or demand falter, investors might quickly turn their attention back to the dangers of carrying inventory in an unpredictable market.
Opendoor traded near $6.70 in after-hours Friday. MarketBeat shows no official earnings date yet but estimates the report for Feb. 26 after market close, following previous patterns. (MarketBeat)
Looking ahead, traders are gearing up for bigger moves once January’s monthly options expiration passes. Brent Kochuba, founder of options analytics firm SpotGamma, said, “I think this options expiration will allow the S&P 500 to start moving around a bit more.” (Reuters)
Look ahead to Wednesday for the next housing update. The National Association of Realtors will publish its pending home sales index for December 2025 on Jan. 21 at 10 a.m. Eastern. This index tracks signed contracts, offering a glimpse of where closed sales might be headed. (Nar)
