RKT, OPEN and SMR hit new lows as market risks mount

what happened

Shares of Rocket Companies, Opendoor Technologies and NuScale Power set fresh 52-week lows on Monday. Rocket Companies and Opendoor Technologies lost more than 5%, while NuScale Power declined more than 6%. Stocktwits attributed the pressure to a freeze in housing activity, lower analyst price targets and growing doubts about the commercialization of nuclear projects.

Rocket Companies touched a yearly low of $10.78 as it faced a difficult lending backdrop and affordability concerns threatening mortgage demand. Morgan Stanley cut its target from $19 to $16, while JPMorgan lowered its forecast from $14 to $12.50. Both banks pointed to the impact of borrowing costs that remain high and strain on household finances. Borrowers with lower and middle incomes may be especially vulnerable if rates stay elevated into 2027. Rocket is developing its AI-powered Rocket Logic platform to improve efficiency and win a larger portion of home-purchase lending, but weaker mortgage originations and refinancing could restrain revenue growth. Stocktwits users shifted to “bullish” sentiment from “bearish” the prior day.

Opendoor Technologies fell to an annual low of $2.06 as sluggish housing turnover added pressure to its business of buying and reselling homes. Its performance depends on resale prices, transaction activity and the time properties remain in inventory. Market strategist Charlie Bilello wrote on X that U.S. pending home sales had dropped to 316,652, their lowest point since the first COVID-19 lockdowns in April 2020. He said the number of U.S. sellers exceeded buyers by over 560,000, equivalent to 58%, marking the largest imbalance since records started in 2013. Sentiment toward OPEN stayed “bearish.” NuScale Power reached a two-year low of $6.60, taking its 2026 decline beyond 53%. Investors remain concerned about lengthy approvals, high costs, uncertain revenue timing, a lack of binding customer commitments and ongoing cash use. UBS’s September downgrade to Sell added to the company’s commercial concerns, although SMR sentiment improved to “bullish” from “bearish.” RKT, OPEN and SMR are down between 43% and 64% this year.

why it matters

The declines connect two market pressures: elevated rates are weakening housing-related activity, while NuScale faces project timing and funding concerns. Together, they have increased investor caution around all three stocks.

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