# CoreWeave, Opendoor, and SoFi Rebound After Hitting 52-Week Lows

- URL: https://stocks.freetheai.org/news/coreweave-opendoor-and-sofi-rebound-after-hitting-52-week-lows-445c40
- Published: 2026-10-16T04:15:28Z
- Category: markets; sentiment: mixed; impact: medium
- Symbols: [NASDAQ:CRWV](https://stocks.freetheai.org/symbols/NASDAQ-CRWV), [NASDAQ:OPEN](https://stocks.freetheai.org/symbols/NASDAQ-OPEN), [NASDAQ:SOFI](https://stocks.freetheai.org/symbols/NASDAQ-SOFI)
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CoreWeave Inc. (CRWV), Opendoor Technologies Inc. (OPEN), and SoFi Technologies Inc. (SOFI) touched fresh 52-week lows on Thursday before staging intraday recoveries. CoreWeave fell to $59.51, Opendoor hit $1.90, and SoFi dropped to $13.86. By the close, CoreWeave rose nearly 6%, SoFi gained over 6%, and Opendoor surged more than 16%.

The temporary slide was driven by rising interest rates, real estate weakness, and profit margin pressures. CoreWeave faced investor unease regarding $850 million in unsecured debt carrying yields near 15%, though analysts pointed to robust AI computing demand. Opendoor was pressured by a 12-year low in pending U.S. home sales and 30-year mortgage rates reaching 7.40%. Meanwhile, SoFi struggled with high acquisition costs limiting earnings growth, even after boosting its annual revenue forecast to $4.75 billion-$4.85 billion.

Going forward, investors will track CoreWeave's expansion costs against its contract revenue, Opendoor's ability to sell inventory in a slow housing market, and SoFi's progress in turning revenue growth into higher profit margins.

## Key points

- CoreWeave, Opendoor, and SoFi hit 52-week lows on Thursday before rebounding to close higher.
- CoreWeave touched $59.51 as investors evaluated $850 million in unsecured debt with yields near 15%.
- Opendoor dropped to $1.90 amid a 12-year low in pending home sales and 7.40% mortgage rates.
- SoFi hit $13.86 despite raising its full-year revenue guidance to between $4.75 billion and $4.85 billion.

## Questions and answers

### Why did CoreWeave stock hit a 52-week low?

CoreWeave stock fell to an annual low of $59.51 due to investor concerns over $850 million in unsecured debt with yields near 15%, which raised questions about high financing costs.

### What caused Opendoor stock to fall to $1.90?

Opendoor stock slumped to a new yearly low as pending U.S. home sales fell to a 12-year low and 30-year mortgage rates rose to 7.40%, slowing real estate turnover and increasing inventory holding costs.

### Why did SoFi drop despite raising its revenue outlook?

SoFi dropped to $13.86 because higher marketing investments and customer acquisition costs limited its profit growth, leaving its full-year adjusted earnings-per-share outlook around $0.60.