OPEN - Why Opendoor Technologies Medical Properties Trust and Kilroy Realty Stocks All Popped on Thursday
2024-07-11 13:16:12 ET
Shares of Opendoor Technologies (NASDAQ: OPEN) stock jumped 6.6% through 12:15 p.m. ET Thursday, and it's not the only winner in the real estate sector today. Real estate investment trusts (REITs) Medical Properties Trust (NYSE: MPW) and Kilroy Realty (NYSE: KRC) also spiked in morning trading, albeit with caveats.
As morning turns to afternoon, Kilroy stock is maintaining its momentum with a 5.7% gain, while Medical Properties Trust has abruptly turned tail. Fifteen minutes past the noonday mark, its early gains have turned into a 2% loss.
So what's the unifying factor behind all these real estate stock moves? Inflation. And interest rates.
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Why Opendoor Technologies, Medical Properties Trust, and Kilroy Realty Stocks All Popped on Thursday