Why Opendoor, Home Depot, and NVR, Inc. Rallied Today [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
EDT. However, all three stocks had been up significantly more earlier in the day. At one point, Opendoor had rocketed 19.2% higher at Wednesday's highs. These housing-related names all rallied after this morning's softer-than-expected Consumer Price Index (CPI) report from May, which spurred a rally in rate-sensitive stocks like these three. However, the late-day fade in the rally also offers some caution for investors today as well, as commentary from the Federal Reserve's June meeting wasn't quite as enthusiastic. A softer-than-expected print In May, the CPI was only flat month over month and up 3.3% year over year. That was softer than the expected 0.1% and 3.4%, respectively. On a "core" basis excluding volatile food and energy prices, inflation was a bit higher at 0.2% month over month and 3.4% year over year. Still, that was also softer than expectations. In response, the yield on the 10-year Treasury bond fell 11 basis points to 4.295%, which helped virtually all long-dur
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OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- OPEN's page on the SEC website