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Opendoor Technologies Stock Price Jumps Nearly 6%—What Drove OPEN Higher as Housing Data Stayed Weak
Opendoor Technologies (OPEN) stock rose by nearly 6% despite weak housing market data, driven by President Trump’s announcement delaying strikes on Iranian power plants, which eased inflation and interest rate concerns. The company’s Q4 revenue of $736 million showed increased home purchases, aligning with CEO Kaz Nejatian’s 2026 break-even target. However, challenges persist, including a significant net loss in the last quarter and elevated mortgage rates, continuing to cast a shadow on the housing market and firms like Opendoor.