Opendoor Technologies ( (OPEN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Opendoor Technologies Inc. experienced a notable surge in its stock price due to a significant increase in bullish option activity. Call volumes soared to 340,089, four times the expected amount, and implied volatility also rose, signaling heightened investor interest. This activity is occurring ahead of the company’s earnings report on November 6th, prompting analysts to raise their price targets in anticipation of positive financial performance.
More about Opendoor Technologies
YTD Price Performance: 342.14%
Average Trading Volume: 273,209,963
Technical Sentiment Signal: Buy
Current Market Cap: $5.02B
For further insights into OPEN stock on TipRanks’ Stock Analysis page.
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