Offerpad Solutions Inc. OPAD shares are trading higher on Thursday, moving in sympathy with fellow iBuyer Opendoor Technologies Inc. OPEN, which has been at the center of a volatile trading week.

OPAD is reaching significant price levels. View the charts here.

What To Know: Both companies are iBuyers with businesses that depend heavily on housing market activity and mortgage rates, which makes them especially sensitive to Federal Reserve policy and shifts in investor sentiment toward real estate.

Opendoor shares began the week with a strong rally after comments from Federal Reserve officials suggested growing support for interest rate cuts. Lower borrowing costs would directly benefit companies, such as Opendoor and Offerpad, that have models which rely on housing turnover and consumer affordability.

This optimism lifted both stocks, but midweek, Opendoor hit a technical resistance level near $4.85, a price point that has repeatedly triggered selling pressure over the past two years. The stock sold off sharply before bouncing back, showing the volatility that has come to define the trade.

Offerpad has tracked those same moves, with investors and traders treating it as a smaller, high-beta version of Opendoor. The surge in OPAD reflects the speculative nature of the trade, where momentum in one stock spills directly into the other regardless of company-specific developments. That connection has turned both names into meme-like plays within the real estate sector, with rapid swings based more on market positioning and technical levels than fundamentals.

The latest move in Offerpad underscores how closely its performance is now tied to Opendoor and broader expectations around interest rates. While Fed commentary has provided the spark for the rally, the extreme swings also highlight the risks for investors in these highly volatile, rate-sensitive housing technology stocks.

OPAD Price Action: Offerpad shares were up 83.78% at $6.23 at publication on Thursday, according to Benzinga Pro.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.