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 took a hit after hedge fund manager George Noble criticized its business model and weak fundamentals. Despite this setback, the stock had previously surged by about 424% this year, driven by positive comments from investor Eric Jackson. However, analysts now warn of a negative outlook due to overvaluation and poor financial performance relative to competitors.
More about Opendoor Technologies
YTD Price Performance: 345.91%
Average Trading Volume: 332,822,491
Technical Sentiment Signal: Strong Buy
Current Market Cap: $6.17B
For further insights into OPEN stock on TipRanks’ Stock Analysis page.
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