Opendoor: Macro Uncertainty Is More Important Than Rates [Seeking Alpha]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Seeking Alpha
Play 12min Summary Despite declining mortgage rates, Opendoor's share price remains under pressure due to economic uncertainty and its dependence on home price stability. The housing market's current illiquidity and poor price discovery increase the risk of Opendoor struggling to move inventory. Opendoor's balance sheet is probably strong enough for the company to weather a downturn but access to outside capital may be needed if/when the company returns to growth. Phillip Spears/DigitalVision via Getty Images Despite declining mortgage rates, Opendoor's ( NASDAQ: OPEN ) share price remains under pressure due to the uncertain state of the economy. This is most likely because Opendoor's business is far more dependent on home price stability than This article was written by Richard Durant 7.8K Follower s Follow Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a busines
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News
- Winners And Losers Of Q3: Opendoor (NASDAQ:OPEN) Vs The Rest Of The Real Estate Services Stocks [Yahoo! Finance]Yahoo! Finance
- First-time homebuyer statistics: Our 2024 report [USA TODAY]USA TODAY
- General Catalyst and Khosla Ventures back data mapping startup Lume [TechCrunch]TechCrunch
- Opendoor Technologies Inc (OPEN) Q3 2024 Earnings Call Highlights: Surpassing Revenue ... [Yahoo! Finance]Yahoo! Finance
- Opendoor (NASDAQ:OPEN) Beats Q3 Sales Targets But Quarterly Guidance Underwhelms [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 11/7/24 - Beat
OPEN
Sec Filings
- 11/21/24 - Form 4
- 11/18/24 - Form 144
- 11/12/24 - Form 3
- OPEN's page on the SEC website