1 Growth Stock Down 94% to Buy Right Now [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
after it went public by merging with a special purpose acquisition company ( SPAC ) in December 2020 and reached its record high of $35.88 during the apex of the growth-stock rally in February 2021. Since then, however, Opendoor's stock has declined 94% to about $2. It crashed and burned as rising interest rates rattled the housing market, throttled its growth, and drove investors toward more conservative investments. Nevertheless, Opendoor might be an undervalued growth play for investors who can tune out all the near-term noise. How bad was Opendoor's slowdown? Opendoor streamlines home sales by making instant cash offers for homes, repairing those properties on its own, and relisting them for sale on its first-party online marketplace. That's different from Zillow and Redfin , which both shuttered their similar first-party home-flipping services in 2022. Zillow and Redfin both shut down those "iBuyer" (instant buyer) businesses because it was a capital-intensive strategy th
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News
- Are 'we buy houses' offers a rip-off? How to know if you're getting scammed. [Yahoo! Finance]Yahoo! Finance
- David Benson joins Opendoor Board of DirectorsGlobeNewswire
- Prediction: These 2 Stocks Will Soar If Interest Rates Are Cut This Month [Yahoo! Finance]Yahoo! Finance
- Opendoor (OPEN) Stock Trades Down, Here Is Why [Yahoo! Finance]Yahoo! Finance
- Opendoor Technologies Inc. (OPEN) 2024 Goldman Sachs Communacopia and Technology Conference (Transcript) [Seeking Alpha]Seeking Alpha
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 9/12/24 - Form 4
- 9/12/24 - Form 3
- 9/12/24 - Form 8-K
- OPEN's page on the SEC website