Opendoor Technologies ( (OPEN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Opendoor Technologies’ stock initially fell due to mixed options sentiment but later gained momentum as bullish flows emerged. Citi raised its price target, highlighting the company’s plans to rescale its business and boost home purchases under new management. Despite ongoing losses and a negative P/E ratio, the strategic shift and strong momentum have led to a more positive market sentiment.
More about Opendoor Technologies
YTD Price Performance: 320.75%
Average Trading Volume: 250,516,382
Technical Sentiment Signal: Buy
Current Market Cap: $6.38B
For further insights into OPEN stock on TipRanks’ Stock Analysis page.
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