Opendoor Surges 6.22% as Expansion and Earnings Drive Confidence Despite 82nd Volume Rank

Opendoor (OPEN) closed Thursday’s trading session with a 6.22% gain, despite a 29.09% decline in its trading volume to $0.94 billion, ranking it 82nd among the day’s most actively traded stocks on U.S. exchanges. The move comes amid renewed focus on the real estate tech sector following recent market volatility.

The stock’s performance was driven by a strategic update earlier in the week, where the company outlined plans to expand its iBuying platform into three new metropolitan areas. This expansion aligns with Opendoor’s second-quarter earnings report, which highlighted improved operational efficiency and a 15% reduction in customer acquisition costs compared to the prior year period.

Analysts noted that the company’s updated guidance for 2025, which includes a revised revenue forecast of $2.1 billion, has bolstered investor confidence. The projection reflects optimism about market share gains in the residential real estate sector, particularly in light of recent housing inventory trends.

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