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Opendoor Stock Surges to 52-Week High on Fed Rate Cut Speculation
Opendoor Stock Surges to 52-Week High on Fed Rate Cut Speculation
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BTCCSquare news:
Opendoor Technologies (OPEN) shares surged 39% on Friday, reaching a 52-week high following Federal Reserve Chair Jerome Powell's暗示可能降息的言论 at the Jackson Hole symposium. The online real estate platform's stock has now gained over 200% year-to-date as investors anticipate lower borrowing costs could benefit its housing-focused business model.
Prominent shareholders like Anthony Pompliano and EMJ Capital's Eric Jackson have directly linked the rally to the Fed's dovish signals. "Powell's openness to rate cuts serves as a major catalyst," Pompliano noted, while Jackson described the potential policy shift as "a nice to have in the back pocket" for the company's growth prospects.
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