Opendoor Technologies Inc (NASDAQ:OPEN) shares traded -8.06% lower at $1.71 on Wall Street last session.
OPEN stock price is now -20.36% away from the 50-day moving average and -37.21% away from the 200-day moving average. The market capitalization of the company currently stands at $1.20B.
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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 Aug 01 ’24. The stock was sold for $10,219 at an average price of $2.13. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,479,449 shares in the company, valued at $7.66 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18 ’24, President, Sell Direct & Svcs. Meyer Megan D. sold 4,808 shares of the business’s stock. A total of $12,716 was realized by selling the stock at an average price of $2.64. This leaves the insider owning 4,484,257 shares of the company worth $7.67 million. A total of 18.94% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.68 and a high of $4.89. The fifty day moving average price for OPEN is $2.1374 and a two-hundred day moving average price translates $2.719875 for the stock.
The latest earnings results from Opendoor Technologies Inc (NASDAQ: OPEN) was released for 2024-06-30. The net profit margin was -8.76% and return on equity was -41.22% for OPEN. The company reported revenue of $1.51 billion for the quarter, compared to $1.98 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -23.53 percent.
