The Latest Breaking News from OPEN

Amid high prices and aggressive rate hikes, consumer confidence has declined for November. Moreover, several banks expect volatile economic conditions for 2023. Also, a recession hitting the U.S. economy seems likely in the coming year. Therefore, investors might avoid fundamentally weak stocks Carvana (CVNA), Opendoor Technologies (OPEN), and Skillz (SKLZ).…

Despite rising home prices and the Fed’s aggressive pace of interest rate hikes, long-term growth prospects for the real estate industry seems promising amid rapid digitization and technological advancements in this sector. Therefore, while investors could add Guild Holdings (GHLD) to their portfolios, Opendoor (OPEN) might be best avoided now,…

In its efforts to tame the persistently high inflation, the Fed has been aggressively hiking interest rates. However, the rising interest rates have dampened housing demand. With the Fed reiterating its hawkish stance, the housing market is expected to remain under pressure. Given this backdrop, it could be wise to…

Opendoor Technologies (OPEN) is working on expanding its business prospects. However, the real estate services stock remains entangled in lawsuits. Moreover, given the company’s bleak fundamentals, OPEN might have run its course. Let’s find out in detail….

Shares of online real estate services company Opendoor Technologies (OPEN) have plummeted more than 75% in price year-to-date with the cooling down of the housing market amid rising interest rates. Furthermore, the company is expected to incur huge losses in the upcoming years. Hence, with the Fed signaling aggressive rate…

As the Fed's aggressive monetary policy stance to contain the soaring inflation is projected to keep the stock market under pressure in the coming months, we think fundamentally-weak stocks Uber Technologies (UBER), Lucid Group (LCID), and Opendoor Technologies (OPEN) are best avoided now. Read on….

With inflation far from Fed’s control, analysts predict the possibility of the central bank continuing its aggressive interest rate hikes. Amid the rising recession fears and continued market uncertainty, we think fundamentally weak stocks Twitter (TWTR), GameStop (GME), and Opendoor Technologies (OPEN) are best avoided now. Keep reading….

Opendoor Technologies (OPEN) announced a multiyear agreement with Zillow Inc. (ZG) to expand its operational capabilities. However, the stock is trading 83% below its 52-week high, indicating a bearish sentiment. Given the company’s negative profit margins and bleak growth prospects, would it be worth buying the stock at the current…

Amid persistently high mortgage rates and the Fed's monetary tightening, home and real-estate sales have taken a hit. Therefore, fundamentally weak real estate stocks Agree Realty (ADC), Opendoor (OPEN), and Redfin (RDFN) might be best avoided now. Read on….