Linkhome Holdings Inc (LHAI) shares fell 21.48% during regular trading, crossing below the 5-day SMA, despite the Nasdaq-100 and S&P 500 showing gains of 0.37% and 0.62%, respectively.
The decline in LHAI's stock price comes amid a significant surge in after-hours trading, where shares rose 21.54% following a partnership announcement with Move Inc. to enhance property discovery using AI technology. Additionally, Linkhome Mortgage secured up to $400 million in credit facilities to support residential mortgage origination, indicating strong future growth potential.
This price movement suggests that despite the overall market strength, LHAI's stock is experiencing sector rotation, as investors may be reallocating their portfolios away from Linkhome Holdings Inc.
Linkhome Holdings Inc. is an artificial intelligence (AI)-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, it has made significant improvements to the business model of buying and selling homes. Through its subsidiaries, the Company operates an AI real estate platform that provides customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, cash offers, and other services like property rental management and home renovation. Its platform supports a network of users looking to list and search for properties online, seeking information on property transactions and other value-added services, through the comprehensive property-related solutions and services available on its platform. The Company has developed its AI and integrated it with fintech to expand beyond the traditional real estate search and transaction process through its Cash Offer product.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
