Why Opendoor Technologies Stock Slipped 12.5% In October [Yahoo! Finance]
Opendoor Technologies Inc (OPEN)
Company Research
Source: Yahoo! Finance
platform trades in line with mortgage rates on residential real estate loans, which rose in October back to 7%. After going public with much fanfare in 2020, Opendoor's stock has tanked because of its declining revenue and lack of profitability. Here's why Opendoor's stock sank once again in October. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Opendoor's business proposition is to buy a home from people looking to sell and then put the home back on the market to sell to a willing buyer. It wants to take out all the hassle of buying an existing home, which can be a slog using the traditional process. The company needs homeowners looking to sell homes to make this business model work, though. This has been a problem in the past few years. When mortgage rates started to rise along with the Federal Reserve's interes- rate increases, home-selling activity for existing homes on the market froze up. Nobody wanted to give
Show less
Read more
Impact Snapshot
Event Time:
OPEN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OPEN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OPEN alerts
High impacting Opendoor Technologies Inc news events
Weekly update
A roundup of the hottest topics
OPEN
News
- 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
- A Missouri man called the Ramsey Show because he misses paying off the Corvette he sold — is debt a good motivator? [Yahoo! Finance]Yahoo! Finance
- Why Opendoor Stock Popped Today [Yahoo! Finance]Yahoo! Finance
OPEN
Earnings
- 11/7/24 - Beat
OPEN
Sec Filings
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- 12/17/24 - Form 144
- OPEN's page on the SEC website