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Benzinga

Business

Henry Khederian

What's Going On With Opendoor Technologies (OPEN) Stock?

OPEN Opendoor Technologies Opendoor Technologies Inc Benzinga Edge

Opendoor Technologies

Shares of Opendoor Technologies Inc (NASDAQ: OPEN) are pulling back on Friday, experiencing what appears to be profit-taking after a mid-week rally. The stock had surged on a combination of bullish housing data and a new institutional investment.

What To Know: The rally was ignited by a U.S. Census Bureau report showing August new home sales soared 20.5% from the prior month to a seasonally adjusted annual rate of 800,000.

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