Opendoor Technology Shares Surge 11.8% Amid Bullish Housing Data

Opendoor Technologies stock rallied 11.8% to $3.60 on Thursday, outperforming its peers and the broader market. The gains came despite a soft session across major indices, with investors responding positively to bullish housing data. The National Association of Realtors reported a 2% month-over-month rise in existing home sales and a median closing price increase. Opendoor's surge highlights the growing influence of retail investors, who collectively identify and back investing opportunities. The company's stock has climbed 386% over the past three months.

Opendoor Technologies Inc. (OPEN) stock rallied 11.8% to $3.60 on Thursday, outperforming its peers and the broader market. This surge came despite a soft session across major indices, as investors responded positively to bullish housing data. The National Association of Realtors reported a 2% month-over-month rise in existing home sales and a median closing price increase.

Opendoor's stock has climbed 386% over the past three months, reflecting the growing influence of retail investors. These investors collectively identify and back investing opportunities, driving the stock's significant price appreciation.

The company's recent financial performance has been mixed. While it reported a $1.57 billion revenue in Q2, beating analyst estimates, its Q3 guidance fell short of expectations, projecting revenue between $800 million and $875 million. The company also forecast an adjusted EBITDA loss for the current quarter, disappointing investors who had hoped for continued profitability [1].

Despite these mixed results, Opendoor's stock has been buoyed by the positive housing data and the influence of retail investors. The company's pivot to an agent-led business model has created uncertainty among analysts, but it remains a notable player in the real estate technology sector.

References:
[1] https://parameter.io/opendoor-technologies-open-stock-gets-reality-check-after-retail-fueled-run/
[2] https://stockstotrade.com/news/opendoortechnologiesinc-open-news-2025_08_16/