Offerpad (OPAD) Falls 8% on Profit-Taking

We recently published 10 Stocks Losing Big Amid Market Boom. Offerpad Solutions Inc. (NYSE:OPAD) is one of the worst performers on Thursday.

Offerpad Solutions fell by 8.19 percent on Thursday to finish at $4.26 apiece as investors resorted to profit-taking following the previous day’s 12-percent jump.

The recent rally followed the Federal Reserve’s 25-basis point rate cut—the first time ever this year—which raised rosy prospects for the highly rate-sensitive residential market.

Last week, Offerpad Solutions Inc. (NYSE:OPAD) CEO Brian Baer said in a technology conference that the company typically sees a trend of more people showing up to look at homes immediately after rates drop.

“There’s definitely people that are wanting or needing to move, but they’re just trying to figure out the right time,” he noted.

In other news, Offerpad Solutions Inc. (NYSE:OPAD) earlier this month announced strategic enhancements to its HomePro program, designed to simplify real estate transactions and empower agents to deliver tailored, high-value solutions to sellers.

Under the updated HomePro process, Offerpad Solutions Inc. (NYSE:OPAD) manages the entire assessment workflow, from property reviews to compiling all solution options.

Agents are free from time-consuming administrative tasks, enabling them to focus exclusively on guiding sellers through cash offers, market listings, and an innovative hybrid solution, which provides cash upfront and the opportunity to share in the upside when the home sells.

While we acknowledge the potential of OPAD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.