Reported about 12 hours ago
Better Home & Finance (BETR) saw its stock price more than double following activist investor Eric Jackson's assertion on X that the company is 'the Shopify of mortgages.' After starting at $33.50, shares soared to $73 before settling around $50. Jackson, whose hedge fund holds a long position in BETR, believes the company has the potential to reshape a $15 trillion industry using AI, similar to how Shopify revolutionized e-commerce. His remarks come amidst turbulence in the real estate sector, particularly with fellow company Opendoor Technologies.
Source: YAHOO