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Why Opendoor Technologies Stock Is Skyrocketing Today

TheMotleyFool

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Why Opendoor Technologies Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/830536/gettyimages-1271085883.jpg

Opendoor Technologies (NASDAQ: OPEN) stock is posting big gains in Thursday's trading. The real estate services specialist's company's share price was up 9.6% as of 1:30 p.m., despite pullbacks of 0.7% for both the S 500 (SNPINDEX: ^GSPC) and the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been up as much as 15.2% in morning trading.

Opendoor's valuation is getting a substantial boost following the latest report from the National Association of Retailers (NAR). The stock may also be getting a jump-start from recent commentary from a financial podcast host.

Image source: Getty Images.

Source Fool.com