Opendoor Technologies Inc (OPEN) News

what happened here suggests a dysfunctional management operating erratically.

rate cut + strong earning = ballistic OPEN Z

OPEN
before market close ER-day

A door just OPEN.....ed

open at 3+ or commit for BK this coming Friday

Apparently OPEN did earning beat for last four consecutive Q, yet share price showed no nudge . 88M+ short

OPEN or closedoor
anything new this earning season behind this closed-door

Z 61-62, OPEN 1.7-1.8

OPEN............................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

OPEN under $3

Expecting this to go up once Fed cuts interest rates.

OPEN..........................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

OPEN...........................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

OPEN......................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

OPEN...........................................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

OPEN
Opendoor Technologies Inc
2.87
-0.04 (-1.37%)
Volume: 17,125,298
Day Range: 2.81 - 2.98
Last Trade Time: 6:03:36 PM EDT
Delayed by 15 minutes

I AM READING FINVIZ LOT OF INSIDER SALES

https://finviz.com/quote.ashx?t=OPEN&ty=c&ta=1&p=d

FORM TYPE RECEIVED PERIOD END DATE REPORT
4 02/02/2024 02/01/2024 PDFRTFHTMLXLS

OPEN
Opendoor Technologies Inc
3.4503
-0.0797 (-2.26%)
Volume: 20,957,753
Day Range: 3.251 - 3.505
Last Trade Time: 7:59:43 PM EST

https://www.otcmarkets.com/stock/OPEN/quote

https://www.otcmarkets.com/stock/OPEN/security

IN THE MIX OF THINGS AI

OPEN
Opendoor Technologies Inc
3.4503
-0.0797 (-2.26%)
Volume: 20,957,753
Day Range: 3.251 - 3.505
Last Trade Time: 7:59:43 PM EST

OPEN
Opendoor Technologies Inc
3.4503
-0.0797 (-2.26%)
Volume: 20,957,753
Day Range: 3.251 - 3.505
Last Trade Time: 7:59:43 PM EST

OPEN a solid pickup at $2

mb

$OPEN
https://x.com/hannahadad8890/status/1729441791382900797?s=61

$OPEN
https://x.com/hannahadad8890/status/1728794946851737712?s=61

Anybody here?

I like their partnership with Zillow but I've concerns with the finding against NAR which may lower commission rates at traditional brokerages and also squeeze margins at OPEN. While I don't own this any longer I do hope they're successful as the industry needs a complete remake.

Anybody here? Hellooooooo.

Liking my 1500 shares that I bought $1.64.. Lets go OPEN!!!

was hoping for more, next. lol

its lonely here. is there anyone that wants to make money with me on this one?

super weeeeee!!!!!

here we gooooo!!

grabbed a few today.

Opendoor Technologies Inc NASDAQ: OPEN

GoSymbol lookup
Real Estate : Real Estate Management & Development | Small Cap ValueCompany profile
Opendoor Technologies Inc. is an e-commerce platform for residential real estate transactions. The Company, by leveraging software, data science, product design and operations, it manages a marketplace for residential real estate that offers buyers and sellers an enhanced experience. Its products include a first-party (1P) product and a third-party (3P) product. The 1P product enables the sellers to sell their home directly to customers and the Company resell the home to a home buyer. By selling to Opendoor, homeowners can avoid the stress of open houses, home repairs, overlapping mortgages and the uncertainty that can come with listing a home on the open market. The 3P product offering connects the home seller with either an institutional or retail buyer, facilitating the transaction without customer taking ownership of the home. Sellers can request an offer from its network of buyers, while also receiving an Opendoor offer. It operates in approximately 44 markets across the country.
Earnings spotlight: Thursday, August 3 - Apple (AAPL), Amazon (AMZN), Amgen (AMGN), Anheuser-Busch InBev (BUD), ConocoPhillips (COP), Booking Holdings (BKNG), Opendoor Technologies (OPEN), and Wayfair (W). Seeking Alpha analyst Jaime Galvin said "Amazon's crown jewel, AWS, continued to shine, but growth and margins now look to be decelerating sharply."

OPEN............................https://stockcharts.com/h-sc/ui?s=OPEN&p=W&b=5&g=0&id=p86431144783

To the moon!

Dip and rip

Yes sir it hit it On to five bucks
Patience pays

Good Afternoon $OPEN

Settin up for three bucks

Looking good folks

Probably a good idea. From the tone of the Q1 conference call it sounds like they've got one or maybe two more tough quarters while they sell off old inventory. All new inventory has been profitable.

Added a few

Good point. The Debt / GDP is horrendous, and will only get worse over time. Between the spiraling debt and the global de-dollarization process, there are bound to be some big changes coming at some point. I figure having an allocation to gold/silver makes sense, to balance the stocks, bonds, cash.

>>> De-Dollarization Is Happening at a ‘Stunning’ Pace, Jen Says <<<


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171724285



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OPEN Q1 2023 earnings call will be on Thursday May 4, at 5:00PM Eastern. They still have plenty of cash to get through 2023 but will need to turn cashflow positive by the end of the year. Currently ~10% of outstanding shares are short and insiders continue to sell shares regularly. As NASDAQ reports it, 3X more shares were sold over the trailing 12 months than were "bought". Shares "bought" were all purchased at $0 cost as accrued stock options. The current burn rate is over $300MM a quarter, so for me OPEN remains on my watch list.

You can sign in here to listen:

https://edge.media-server.com/mmc/p/hroubj8d

Regarding Powell and the possibility that the Fed will overdo rate hikes, Powell is in a very different position than Volker was in 1980 when debt to GDP was 30%. Today it's 120%, hence the additional urgency to get treasury rates back down as low as possible. I think he's using Volker as a cautionary tale to justify bludgeoning the economy.

santafe, Thanks :o)

It would seem logical for the Fed to cool it for a while, and see how the economy is responding. They can always dial up a few more rate increases later if needed. But Powell is apparently obsessed with the 'Volker mistake' of the 1970s, where the Fed dropped rates too early and then had to clamp down even harder later.

One way to avoid that would be to not overdo it now. The lag time between rate hikes and the economic effect makes the Fed's job a tough one, and historically the Fed tends to tighten too late, and keep the brakes on too long. Powell already screwed up with his 'transient' assumption, so we'll see what happens. Inflation is not nearly as entrenched today as it was in the 1970s, and might resolve faster than expected as the supply chains return closer to normal.

Concerning the short term CD approach (as opposed to T-Bills or money market), this does reduce your flexibility somewhat, since it's possible the stock market will take off to the upside before the CDs mature, and selling them early presumably would entail a penalty. But sounds like a good strategy, although having zero in stocks has risks of its own. Fwiw, I figure a permanent 10-15% stock allocation (S+P 500) provides discipline to have all bases covered. Currently I'm at 29%, but could quickly drop it down to 15% if things start to unravel in earnest.

Thanks for your insights :o)



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Using short term, 30 & 90 day CDs. This is a transitory position and based as much on the debt ceiling political disagreement as the current financial issues and the deteriorating economic conditions. We'll know more when Powell speaks tomorrow afternoon. I suspect the Fed is still focused on inflation as weekly initial unemployment claims are only slightly elevated over pre-pandemic numbers. I suspect they'd like to see this above 250,000 a week. Here's a link if you want to track it. Numbers come out each Thursday.

https://fred.stlouisfed.org/series/ICSA

As I mentioned in my previous post, housing prices are not falling much because inventory is still quite tight. Case Shiller national housing index is down ~5% since last June. Now that we're in the spring buying season, prices are moving up again. See an article here:

https://www.cnbc.com/2023/05/02/home-prices-rise-in-march-amid-competitive-spring-market.html