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Benzinga
Benzinga
Business
Henry Khederian

Opendoor (OPEN) Shares Rebound In Volatile Week: What's Going On?

OPEN Opendoor Opendoor Technologies Inc
Opendoor Technologies

Shares of Opendoor Technologies Inc (NASDAQ:OPEN) are trading higher Thursday afternoon, mounting a recovery after a sharp mid-week sell-off.

What To Know: The stock is once again testing a critical technical barrier that has halted prior rallies. The volatile week began with a surge for Opendoor, fueled by growing investor optimism that the Federal Reserve is poised to cut interest rates. Favorable comments from Fed officials regarding inflation and monetary policy sent rate-sensitive sectors, like real estate, soaring.

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