Pre-Market Most Active Stocks for Jul 17, 2025: Opendoor, Bolt, Above Food, Direxion, NVIDIA, Joby, ProShares, Taiwan Semiconductor, MP Materials, Archer Aviation, Starwood Property Trust, NIO.

The NASDAQ 100 Pre-Market Indicator is up 46.98 to 22,954.95, with a total Pre-Market volume of 280,243,203 shares traded. The most active stocks are Opendoor Technologies Inc. (+0.58), Bolt Projects Holdings (+2.05), Above Food Ingredients (+1.18), Direxion Daily TSLA Bull 2X Shares (+0.16), NVIDIA Corporation (+1.28), Joby Aviation (+0.27), ProShares UltraPro Short QQQ (-0.03), Taiwan Semiconductor Manufacturing Company (+7.38), MP Materials Corp. (-3.04), Archer Aviation (+0.04), STARWOOD PROPERTY TRUST (-0.87), and NIO Inc. (+0.01).

Opendoor Technologies (NASDAQ: OPEN) has experienced a remarkable resurgence, with its stock rallying by 85.71% over the past month. This surge comes after the stock traded at a 52-week low of $0.51 on June 26, 2025, and is a significant turnaround for the iBuying pioneer. As of the pre-market session on July 2, 2025, the stock is up by an additional 5.74% to $1.10, following a 33.37% surge over the past five days that brought the stock to $1.04 at yesterday's close [1].

The recent rally is driven by several factors. Firstly, Opendoor's Q1 2025 financial results, released on May 6, 2025, provided a glimmer of hope. The company reported revenue of $1.2 billion, a 6% increase quarter-over-quarter, and reduced its net loss to $85 million from $109 million in Q1 2024. While home sales were down 4% year-over-year, the company's inventory increased to 7,080 homes valued at $2.4 billion, indicating a strategic build-up in anticipation of improved market conditions [1].

Secondly, Opendoor's positive outlook for Q2 2025 has boosted investor confidence. The company projects revenue between $1.45 billion and $1.525 billion, with an expected positive Adjusted EBITDA of $10 million to $20 million. This forecast, if realized, would signal a significant step towards profitability [1].

Additionally, Opendoor's strategic initiatives, particularly the expansion of its agent partnership program, are likely contributing to the stock's resurgence. By integrating real estate agents into its platform, Opendoor aims to broaden its reach and offer sellers more options, potentially leading to increased transaction volumes and market share [1].

Furthermore, the announcement of a proposed reverse stock split, with ratios ranging from 1-for-10 to 1-for-50, has influenced investor sentiment. A reverse stock split can make the stock more attractive to institutional investors and help maintain compliance with Nasdaq listing requirements. A shareholder meeting is scheduled for July 28, 2025, to vote on the proposal, which could have a significant impact on the stock's future trajectory [1].

Despite the short-term momentum, questions remain about the sustainability of Opendoor's upward trajectory. The stock remains significantly down over longer time horizons, with a three-month return of -40.07%, a one-year return ranging from -55.93% to -69.01%, and a staggering five-year return of -97.1%. The stock is a far cry from its all-time high of $39.24 reached in February 2021 [1].

In conclusion, Opendoor Technologies' stock has experienced a dramatic resurgence due to positive financial results, strategic initiatives, and a proposed reverse stock split. However, the sustainability of this upward trajectory remains to be seen.

References:
[1] https://www.asktraders.com/analysis/opendoor-technologies-stock-rallys-strongly-off-lows/