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00:02Open Door shares rose in Wednesday's extended session after James Street disclosed a stake in the company, according to Benzinga.
00:08James Street disclosed in a 13-G filing that it owns 44 million shares, or 5.9% of Open Door's outstanding common stock.
00:15A 13-G filing is required when an entity acquires over 5% ownership but does not intend to influence control of the company.
00:21Open Door shares rose 16.24% in Wednesday's regular session after strong new home sales data lifted investors out of it.
00:28August single-family home sales hit an $800,000 annual pace, up 20.5% for July and 15.4% year-over-year.
00:37August median home price rose to $413,500, potentially boosting margins in portfolio values.
00:43Shares traded 9.35% higher at $9 in extended trading, according to Benzinga Pro.
00:49For all things money, visit Benzinga.com.
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