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ReAlpha Tech Corp. (NASDAQ:AIRE) shares are trading higher Thursday on continued upward momentum. The stock gained 93% Wednesday after the company announced the launch of its generative AI-powered tool, Claire.
The Details:
ReAlpha describes Claire as an AI-driven tool for homebuyers that can match buyers with homes using over 400 data attributes, provide insights into market trends and property values and assist with buyer's questions.
“We are excited to introduce Claire to homebuyers as we believe it represents a timely solution while the residential real estate industry is undergoing a significant reset,” said Mike Logozzo, COO of reAlpha. “Our goal when creating Claire was simple: to completely reinvent the homebuying process through the use of AI to help homebuyers find their dream home, at a great price, with the best experience.”
The company reported its first-quarter financial results last week with losses of 3 cents per share and $20,430 in quarterly sales.
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By now you're likely curious about how to participate in the market for ReAlpha Tech Corp. – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
AIRE Price Action: According to Benzinga Pro, reAlpha Tech shares are up 16.4% at $1.35 at the time of publication Thursday.
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Posted In: AIRE
