Opendoor (OPEN) Stock Trades Down, Here Is Why [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
its business and the real estate market during a recent bank conference. CEO Carrie Wheeler highlighted that the clearance rate of homes (the rate at which homes go into contract) has slowed by 30% compared to the previous year. This slower transaction rate indicates fewer sales being completed, which could negatively impact Opendoor's revenue and growth prospects in the near term. In addition, Opendoor observed an increase in the number of homes being delisted, with 1 in 4 or 1 in 5 sellers removing their listings from the market (the highest rate of delistings observed in a decade). This shows that sellers are struggling to find buyers. In response to the slower demand, Opendoor widened its pricing spreads to be more conservative. While intere
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News
- Yahoo Finance [Yahoo! Finance]Yahoo! Finance
- Why Opendoor Stock Plunged 32% in December [Yahoo! Finance]Yahoo! Finance
- Three Reasons Why OPEN is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- 3 Stocks That Could Skyrocket Before the End of 2024 [Yahoo! Finance]Yahoo! Finance
- Why Opendoor Stock Rocketed 34% Higher in November [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 11/7/24 - Beat
OPEN
Sec Filings
- 1/17/25 - Form 4
- 1/16/25 - Form 144
- 12/18/24 - Form 4
- OPEN's page on the SEC website