Movement Alert｜Opendoor Technologies Rises 5.74% in Regular Trading, Boosted by Russell 3000 Index Inclusion

Market Focus06-03

On June 2, Opendoor Technologies rose 5.74% in regular trading, trading at $5.59 USD/share, with trading volume of $193 million. The stock continues to rally on news that it will be included in the Russell 3000 Index.

Opendoor Technologies previously announced that it will be added to the Russell 3000 Index as part of the annual reconstitution, with the change becoming effective after the market closes on June 26. The company noted that inclusion in the Russell 3000 Index typically means membership in either the large-cap Russell 1000 Index or the small-cap Russell 2000 Index, as well as in relevant growth and value-style indexes. Index inclusion generally brings passive fund buying demand, providing sustained support for the stock price. Since the announcement in late May, the catalyst has driven the stock higher on multiple occasions.

Within the Real Estate Services sector, among individual stocks, CoStar down 0.72%, CBRE Group Inc up 1.3%, Zillow up 1.68%, Jones Lang LaSalle up 3.14%, Compass, Inc. up 4.02%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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