In a filing, Opendoor Technologies Inc revealed its insider Schwartz Christina unloaded Company’s shares for reported $43798.0 on Apr 01 ’24. In the deal valued at $2.92 per share,15,000 shares were sold. As a result of this transaction, Schwartz Christina now holds 837,576 shares worth roughly $2.25 million.
Then, Meyer Megan D. sold 4,808 shares, generating $14,787 in total proceeds. Upon selling the shares at $3.08, the President, Sell Direct & Svcs. now owns 4,793,308 shares.
Before that, Schwartz Christina sold 8,508 shares. Opendoor Technologies Inc shares valued at $24,652 were divested by the insider at a price of $2.90 per share. As a result of the transaction, Schwartz Christina now holds 852,576 shares, worth roughly $2.29 million.
BTIG Research downgraded its Opendoor Technologies Inc [OPEN] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in mid December from “an Underperform” to “a Mkt perform”. Deutsche Bank began covering OPEN with “Hold” recommendation on November 21, 2023. UBS started covering the stock on September 29, 2023. It rated OPEN as “a Neutral”.
Price Performance Review of OPEN
On Monday, Opendoor Technologies Inc [NASDAQ:OPEN] saw its stock fall -0.37% to $2.69. Over the last five days, the stock has lost -7.56%. Opendoor Technologies Inc shares have fallen nearly -39.96% since the year began. Nevertheless, the stocks have risen 64.02% over the past one year. While a 52-week high of $5.41 was reached on 01/02/24, a 52-week low of $1.25 was recorded on 03/15/24. SMA at 50 days reached $3.06, while 200 days put it at $3.27. A total of 10.89 million shares were traded, compared to the trading of 10.14 million shares in the previous session.
Levels Of Support And Resistance For OPEN Stock
The 24-hour chart illustrates a support level at 2.63, which if violated will result in even more drops to 2.56. On the upside, there is a resistance level at 2.78. A further resistance level may holdings at 2.86. The Relative Strength Index (RSI) on the 14-day chart is 41.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.10%. Stochastics %K at 16.75% indicates the stock is a buying.
How much short interest is there in Opendoor Technologies Inc?
A steep rise in short interest was recorded in Opendoor Technologies Inc stocks on Mar 15, 2024, growing by 4.59 million shares to a total of 77.12 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 72.53 million shares. There was a rise of 5.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 13.82% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.69.
