Aug 25, 06:40 PM

Offerpad and Inno Skyrocket as Retail Traders Extend Opendoor Rally

A wave of retail buying lifted several thinly traded real-estate and construction technology stocks on 25 Aug., extending a run that began with Opendoor Technologies. Opendoor reached a 52-week high of $5.27 in pre-market dealing on more than 42 million shares, reinforcing a rally that has already driven the stock up more than 200% this year. Attention quickly shifted to peers with even smaller floats. Offerpad Solutions surged roughly 170–200% intraday to about $4.36 as more than 133 million shares changed hands—nine times its public float—while Inno Holdings jumped over 300% to the upper-$4 range on volume exceeding 171 million shares, more than 20 times its float. Short interest in both names is elevated, and traders cited forced covering as a catalyst. Options desks reported unusual call-buying in Offerpad, and social-media chatter pushed both companies to the top of trending-ticker lists alongside other speculative favorites such as Rocket Lab and Aehr Test Systems. Gains spilled into additional small-cap names, including prefab builder THAR and syringe maker Sharps Technology, which recorded double-digit advances. The outsized moves came against a softer backdrop for major benchmarks and Bitcoin, underscoring the divergence between retail-driven momentum plays and broader market sentiment. No large-cap stocks hit 52-week lows during the session, while several—including Alphabet and Carnival—logged fresh highs.