Why Opendoor Technologies Stock Popped Again Today
Shares of Opendoor Technologies (NASDAQ: OPEN) were moving higher today, even as there was no news out on the volatile online home flipper.
Instead, investors seemed to be looking forward to Wednesday's rate decision from the Federal Reserve, which will include commentary and a forecast on future rate cuts. Investors widely expect the central bank to cut the federal funds rate by 25 basis points on Wednesday. CEO Kaz Nejatian also began his first day on the job.
As of 10:33 a.m. ET, Opendoor stock was up 11.5%.
Source Fool.com
