Opendoor stock price rises as Trump targets Wall Street home investors and pending sales slump
Opendoor Technologies shares rose 2.1% to $6.53 in early trading Wednesday, with about 9.3 million shares traded by 10:39 a.m. ET. The move follows Trump’s executive order restricting large institutional investors from buying single-family homes. Pending home sales fell 9.3% in December, far below forecasts. Investors remain uncertain about how new rules will affect iBuyers like Opendoor.