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
- Prediction: This Stock Down 94% Will Soar With Lower Interest Rates [Yahoo! Finance]Yahoo! Finance
- 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
OPEN
Earnings
- 8/1/24 - Beat
OPEN
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- OPEN's page on the SEC website