Opendoor Technologies Inc (NASDAQ:OPEN) shares traded 4.23% higher at $1.97 on Wall Street last session.
OPEN stock price is now -5.17% away from the 50-day moving average and -26.91% 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 Aug 29 ’24. The stock was sold for $10,145 at an average price of $2.11. Upon completion of the transaction, the President, Sell Direct & Svcs. now directly owns 4,469,833 shares in the company, valued at $8.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, President, Sell Direct & Svcs. Meyer Megan D. sold 4,808 shares of the business’s stock. A total of $8,621 was realized by selling the stock at an average price of $1.79. This leaves the insider owning 4,474,641 shares of the company worth $8.82 million. A total of 18.86% of the company’s stock is owned by insiders.
During the past 12 months, Opendoor Technologies Inc has had a low of $1.58 and a high of $4.89. The fifty day moving average price for OPEN is $2.0792 and a two-hundred day moving average price translates $2.692775 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.
