The price of Opendoor Technologies Inc (NASDAQ:OPEN) shares last traded on Wall Street rose 4.85% to $2.38.
OPEN stock price is now 13.06% away from the 50-day moving average and -11.34% away from the 200-day moving average. The market capitalization of the company currently stands at $1.67B.
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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, Schaub Sydney, Chief Legal Officer sold 2,512 shares of the company’s stock on Sep 10 ’24. The stock was sold for $4,999 at an average price of $1.99. Upon completion of the transaction, the Chief Legal Officer now directly owns 1,375,727 shares in the company, valued at $3.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 10 ’24, Officer SYDNEY SCHAUB bought 2,512 shares of the business’s stock. A total of $4,949 was incurred on buying the stock at an average price of $1.97. A total of 18.55% 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 $2.1174 and a two-hundred day moving average price translates $2.681875 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.
