#opendoor

#opendoor

Revenue: $915M, up vs. the $882.3M consensus, but down 33.5% YoY Adjusted EPS: -$0.12 vs. -$0.07 expected Gross margin: 7.2%, down from 11.5% a year ago Net loss: $90M, wider than last year's $78M Cash: $962M, up 16% YoY Q4 outlook: revenue expected down ~35% sequentially on low inventory 1) EPS miss and losses wideningAdjusted EPS of -$0.12 missed by five cents and the net loss expanded to $90M.

Opendoor Technologies ( NASDAQ:OPEN ) stock rose more than 13% on Friday, closing at $7.97 per share. The gain came ahead of expected interest rate cuts this week and marked the company's first meaningful increase in a month. It ended a decline that began after shares reached $10.87 per share in mid-September. That earlier peak resulted from meme stock activity, with retail traders pushing the price higher on momentum rather than company results.

The turnaround coincides with a noticeable shift in retail investor sentiment on platforms like Reddit and X. The stock has now gained 413.84% year-to-date, transforming from a cautionary tale into what traders are openly calling a meme stock with legitimate turnaround potential. What started as skepticism in early October has evolved into cautious optimism, with sentiment scores climbing from neutral territory into somewhat-bullish range by late October.

Opendoor CEO Kaz Nejatian put out a social media hint that his company may soon allow the purchase of homes using Bitcoin or other crypto. In a reply on X to a user asking whether Opendoor would permit home buying with Bitcoin or crypto, Nejatian responded, "We will. Just need to prioritize it." The comment, though brief, sparked speculation that the housing company might add crypto payments into its platform.

In a bold move to address the escalating U.S. housing affordability crisis, Treasury Secretary Scott Bessent announced that President Trump is contemplating declaring a "national housing emergency" this fall. Speaking to the Washington Examiner , Bessent emphasized the administration's focus on tackling soaring home prices and limited inventory, a critical issue as the 2026 midterms approach. Potential actions include standardizing local building and zoning codes, reducing closing costs, and exploring tariff exemptions for construction materials to boost housing supply.

Opendoor's stock surged by 429% in one week, driven by meme stock subreddits, but fell by nearly 50% shortly after, indicating market volatility.

Cash Plus offers sellers the certainty of a cash offer along with an opportunity to opt for market listings, allowing agents to provide a variety of selling solutions.

Opendoor shares are up 20% in premarket trading and reached a peak of $4.88 yesterday before experiencing significant volatility throughout the day.

Shares of Opendoor Technologies Inc. surged more than 188% over a week, reflecting investor interest despite recent struggles due to rising interest rates and a slowing housing market.