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Benzinga
Benzinga
Business
Mohd Haider

Why Are Offerpad, Opendoor Shares Rising After Hours?

OPEN Opendoor Offerpad OPAD Jane Street Group Jane Street Nasdaq Opendoor Technologies Inc iBuyer
Offerpad Solutions Inc.

Shares of meme proptech companies Opendoor Technologies Inc. (NASDAQ:OPEN) and Offerpad Solutions Inc. (NYSE:OPAD) saw a sharp increase in after-hours trading on Wednesday. Opendoor's stock surged 10.33%, reaching $9.08, while Offerpad’s climbed 4.95%, hitting $4.45. This rally followed positive housing sales data for August and the news that Jane Street Group had acquired a significant stake in Opendoor.

Check out the current price of OPEN stock here. 

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