Opendoor Trades Higher on Russell 3000 Index Move

Opendoor Technologies Inc jumped roughly 6% late Monday, outperforming the broader U.S. market. Investors kept moving into the online home seller ahead of its inclusion in the Russell 3000 Index this month.

Opendoor Technologies Inc. was flat ahead of the open on Friday, trading at $5.08. Shares ended Thursday at $5.07. The action comes as traders focus on the stock’s June inclusion in the Russell 3000, with no new operating news out.

Opendoor Technologies Inc. closed out the week at $4.53, posting a 3.4% gain for the week even though the stock slipped 0.9% on Friday. Nasdaq is closed for Memorial Day and won’t reopen until Tuesday, so traders will have to wait until then for the next move in Opendoor shares.

Opendoor Technologies Inc. traded flat Friday afternoon, pulling back from earlier gains. The home-flipping stock struggled to hold its bump as investors considered the company's turnaround plans and rising U.S. mortgage rates.

Shares of Opendoor Technologies Inc. slipped Monday, trading recently at $4.88—off about 2.6%—after CEO Kaz Nejatian insisted the company has patched a key weakness in its approach. Investors looked past that assurance, focusing instead on a first-quarter loss that more than doubled year-over-year. Volume topped 30 million shares, putting market capitalization near $4.68 billion.

Opendoor Technologies Inc. is projecting its adjusted EBITDA for the second quarter will hover around break-even, putting fresh pressure on its turnaround efforts. The online home-selling company just reported a steeper first-quarter loss, with revenue also coming in lower.

Opendoor Technologies Inc shares slipped roughly 2% to $5.09 midday Tuesday, giving up ground alongside a weaker Nasdaq and several other stocks tied to the housing sector.

Opendoor Technologies saw its stock climb almost 6% to $5.21 late Monday. Curiously, the company’s investor website continued to display March 3 as the most recent SEC filing.

Opendoor Technologies finished Thursday’s session off 2.6%, settling at $5.14. The online home-selling firm's market cap now stands near $5.9 billion. Trading volume hit 27.8 million shares.

Opendoor Technologies stock slid roughly 6% on Thursday. The online home seller opened at $5.19, slipped to a session low of $4.91, and by late morning was changing hands at $4.94 on the Nasdaq.

Opendoor Technologies moved up roughly 1.3% to $5.08 in late-morning trading Wednesday, helped by a bump in weekly acquisition contracts—up 12% from the previous week, according to the company’s own public tracker. That tracker, Opendoor notes, is unaudited and can reflect contracts that might later be canceled. Shares beat out other names tied to the housing market, as Rocket Companies and Zillow were both down.