Opendoor Technologies Inc (NASDAQ:OPEN) shares traded -1.61% lower at $1.83 on Wall Street last session.
OPEN stock price is now -8.50% away from the 50-day moving average and -24.85% away from the 200-day moving average. The market capitalization of the company currently stands at $1.29B.
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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 16,940 shares of the company’s stock on Oct 15 ’24. The stock was sold for $32,315 at an average price of $1.91. Upon completion of the transaction, the Chief Legal Officer now directly owns 1,281,411 shares in the company, valued at $2.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, President, Sell Direct & Svcs. Meyer Megan D. sold 115,020 shares of the business’s stock. A total of $219,412 was realized by selling the stock at an average price of $1.91. This leaves the insider owning 4,293,098 shares of the company worth $7.86 million. A total of 18.43% 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 $2.0001 and a two-hundred day moving average price translates $2.435075 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.
