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OPAD - Why Offerpad Solutions Stock Plunged 43% in January
Offerpad Solutions Inc. Class A
Shares of home iBuying company Offerpad Solutions (NYSE: OPAD) fell 43% in January, according to data provided by S&P Global Market Intelligence. There wasn't any bad news, but regular macroeconomic trends continued to roil the stock market, and tech stocks, especially those that are growth stocks , saw the worst of it.
Offerpad is a platform for buying and selling homes online, similar to Opendoor Technologies . It operates through iBuying, or buying and reselling homes.