# Rocket Companies, Opendoor, and NuScale Power Stocks Hit 52-Week Lows

- URL: https://stocks.freetheai.org/news/rocket-companies-opendoor-and-nuscale-power-stocks-hit-52-week-lows-8134b3
- Published: 2026-10-13T03:18:30Z
- Category: markets; sentiment: bearish; impact: medium
- Symbols: [NYSE:RKT](https://stocks.freetheai.org/symbols/NYSE-RKT), [NASDAQ:OPEN](https://stocks.freetheai.org/symbols/NASDAQ-OPEN), [NYSE:SMR](https://stocks.freetheai.org/symbols/NYSE-SMR)
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Shares of Rocket Companies, Inc. (RKT), Opendoor Technologies Inc. (OPEN), and NuScale Power Corporation (SMR) dropped to new 52-week lows on Monday. Rocket Companies fell 5.31% to $10.87, Opendoor dropped 5.86% to $2.09, and NuScale Power tumbled 6.94% to $6.70. The declines reflect growing pressure from a frozen residential real estate market, Wall Street price target cuts, and ongoing commercialization challenges in the nuclear sector.

Mortgage lender Rocket Companies faced target price reductions from Morgan Stanley to $16 and JPMorgan to $12.50 due to persistent borrowing costs that threaten mortgage origination volume. Real estate platform Opendoor struggled as pending home sales reached their lowest point since April 2020, with home sellers outnumbering buyers by 58%. Meanwhile, nuclear technology developer NuScale Power reached a two-year low, weighed down by high cash burn, long approval timelines, and a lack of binding customer contracts.

Investors will monitor whether elevated interest rates continue to suppress housing transactions and mortgage refinancing into 2027. Market participants will also look for signs that Rocket Companies can gain market share through its technology tools, while tracking whether NuScale Power can secure binding commercial commitments to stem year-to-date losses that exceed 53%.

## Key points

- Shares of Rocket Companies, Opendoor Technologies, and NuScale Power hit 52-week lows, falling between 5% and 7% in a single session.
- Wall Street analysts at Morgan Stanley and JPMorgan lowered price targets for Rocket Companies, citing high mortgage borrowing costs.
- Opendoor suffered as pending home sales dropped to their lowest level since April 2020 and sellers outnumbered buyers by 58%.
- NuScale Power stock touched a two-year low due to high cash consumption, lengthy regulatory timelines, and missing binding customer contracts.

## Questions and answers

### Why did Rocket Companies stock drop to a 52-week low?

Rocket Companies stock fell due to high mortgage borrowing costs, weak loan origination demand, and price target cuts from Morgan Stanley and JPMorgan.

### What is causing the decline in Opendoor Technologies stock?

Opendoor stock dropped as pending U.S. home sales fell to multi-year lows, high mortgage rates constrained housing activity, and home sellers heavily outnumbered buyers.

### Why is NuScale Power stock down in 2026?

NuScale Power faces commercialization risks, including long approval timelines, high cash burn, and an absence of binding customer commitments.