Opendoor Stock Price Rises on Fresh Growth Signal as 4.99% Mortgage Draws Scrutiny
Opendoor Technologies shares climbed 1.3% to $5.08 after its tracker showed weekly home acquisition contracts up 12%. The company’s stock outperformed Rocket Companies and Zillow, which both declined. Opendoor reported a $1.1 billion net loss last quarter but said homes purchased rose 46% from the prior period. CEO Kaz Nejatian said its 4.99% 30-year mortgage offer is still in beta.