The stock of Opendoor Technologies Inc (NASDAQ:OPEN) last traded at $2.13, up 0.47% from the previous session.
OPEN stock price is now -13.47% away from the 50-day moving average and -28.01% away from the 200-day moving average. The market capitalization of the company currently stands at $1.47B.
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On December 13, 2023, Keefe Bruyette Upgraded its previous ‘Underperform’ rating to ‘Mkt Perform’ on the stock keeping its target price maintained at $3.50, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, Meyer Megan D., President, Sell Direct & Svcs. sold 4,808 shares of the company’s stock on May 23 ’24. The stock was sold for $10,253 at an average price of $2.13. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,683,028 shares in the company, valued at $9.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 09 ’24, President, Sell Direct & Svcs. Meyer Megan D. sold 4,808 shares of the business’s stock. A total of $10,875 was realized by selling the stock at an average price of $2.26. This leaves the insider owning 4,687,836 shares of the company worth $9.99 million. A total of 19.34% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.80 and a high of $5.41. The fifty day moving average price for OPEN is $2.4517 and a two-hundred day moving average price translates $2.95215 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for 2024-03-31. The net profit margin was -5.65% and return on equity was -29.25% for OPEN. The company reported revenue of $1.18 billion for the quarter, compared to $3.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -62.15 percent.
