Why Is Offerpad Stock Soaring on Tuesday?

Offerpad Solutions (NYSE: OPAD), the real estate iBuying company that recently went public via a merger with a special purpose acquisition company, is on the move today. As of 2:30 p.m. EDT, the real estate technology stock was higher by a staggering 28% in just its second day of trading under its new ticker symbol, OPAD. In fact, the move higher was such a sharp one that Offerpad triggered a circuit breaker and was temporarily halted earlier in the trading session.

There isn't any company-specific news propelling Offerpad higher. But there are a few things investors should know.

Image source: Getty Images.

Source Fool.com