The stock of Opendoor Technologies Inc (NASDAQ:OPEN) last traded at $1.99, down -3.40% from the previous session.
OPEN stock price is now -11.32% away from the 50-day moving average and -30.59% away from the 200-day moving average. The market capitalization of the company currently stands at $1.38B.
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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 Jun 06 ’24. The stock was sold for $10,737 at an average price of $2.23. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,678,220 shares in the company, valued at $9.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 04 ’24, Chief Legal Officer Schaub Sydney sold 2,513 shares of the business’s stock. A total of $5,453 was realized by selling the stock at an average price of $2.17. This leaves the insider owning 1,446,313 shares of the company worth $2.88 million. A total of 19.00% 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 $2.2299 and a two-hundred day moving average price translates $2.8573 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.
