Opendoor Technologies Inc. (NASDAQ:OPEN) surged 9.6% on Friday to $6.75 per share amidst hopes for an interest rate cut in December. This followed dovish comments from NY Fed President John Williams, despite Fed Chairman Powell’s earlier statement that a rate cut was not guaranteed. The real estate sector also rose by 2.24%. Opendoor (OPEN) Soars 9.6% Amid Renewed Rate Cut Hopes. In a move to reward shareholders, Opendoor Technologies Inc. (NASDAQ:OPEN) issued warrant dividends to those owning 30 common shares. Each shareholder received one Series K, A, and Z warrant, exercisable at $9, $13, and $17 respectively. The real estate market is highly sensitive to interest rate changes, impacting financing costs and home affordability. While OPEN shows promise, our focus is on AI stocks with higher return potential and limited downside risk. Explore more in our free report on the best short-term AI stock.

Read more at Yahoo Finance: Opendoor (OPEN) Soars 9.6% Amid Renewed Rate Cut Hopes