As the US market prepares to open on Friday, let's get an early glimpse into the pre-market session and identify the stocks leading the pack in terms of gains and losses.
Technology real estate company Opendoor (NASDAQ:OPEN) reported revenue ahead of Wall Streets expectations in Q3 CY2025, but sales fell by 33.6% year on year to $915 million. Its GAAP loss of $0.12 per share was 68.5% below analysts’ consensus estimates.
After a brief and cautious rebound on Wednesday, risk-off sentiment returned sharply on Thursday, with AI-linked stocks leading a broad selloff across Wall Street and renewed pressure hitting crypto markets.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
fell 5.4% in the morning session after investors braced for the company's upcoming third-quarter results, with management having previously guided for a significant sequential decline in revenue and a return to negative earnings.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
jumped 5.1% in the afternoon session after the stock's positive momentum continued as the company announced it would change its quarterly earnings presentation into a more accessible "Financial Open House" format, livestreamed on platforms including Robinhood. The new approach, which was set to debut on November 6, 2025, was designed to let everyday investors ask questions directly to company executives. This news followed a period of strong performance for the company. In the second quarter of 2025, Opendoor generated $1.6 billion in revenue and achieved $23 million in adjusted EBITDA, which marked its first profitable quarter since 2022. Management credited this turnaround to better marketing and a shift in strategy from a single-product approach to a distributed platform that used partner agents, a move that doubled the rate of completed cash offers.
Opendoor's bold expansion and AI-driven pricing could fuel massive long-term gains -- but can this iBuyer handle the risk? Here's what investors need to know before the next move.
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