Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Opendoor Technologies Inc shares valued at $7,578 were sold by Schwartz Christina on Apr 16 ’24. At $2.12 per share, Schwartz Christina sold 3,566 shares. The insider’s holdings dropped to 826,599 shares worth approximately $1.78 million following the completion of this transaction.
Also, Meyer Megan D. sold 91,048 shares, netting a total of over 205,040 in proceeds. Following the sale of shares at $2.25 each, the insider now holds 4,697,452 shares.
Before that, Schwartz Christina had sold 7,411 shares from its account. In a trade valued at $16,690, the insider traded Opendoor Technologies Inc shares for $2.25 each. Upon closing the transaction, the insider’s holdings decreased to 7,411 shares, worth approximately $1.78 million.
As published in a research note from BTIG Research on December 20, 2023, Opendoor Technologies Inc [OPEN] has been rated down from a Buy to a Neutral. Analysts at Keefe Bruyette upgraded the stock from ‘”an Underperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of November 21, 2023, Deutsche Bank has initiated its “Hold” rating for OPEN. Earlier on September 29, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for OPEN stock.
Analyzing OPEN Stock Performance
During the last five days, there has been a drop of approximately -12.40%. Over the course of the year, Opendoor Technologies Inc shares have dropped approximately -51.90%. Shares of the company reached a 52-week high of $4.40 on 01/02/24 and a 52-week low of $2.10 on 04/16/24. A 50-day SMA is recorded $2.88, while a 200-day SMA reached $3.22. Nevertheless, trading volume fell to 11.96 million shares from 12.56 million shares the previous day.
Support And Resistance Levels for Opendoor Technologies Inc (OPEN)
According to the 24-hour chart, there is a support level at 2.09, which, if violated, would cause prices to drop to 2.02. In the upper region, resistance lies at 2.25. The next price resistance is at 2.34. RSI (Relative Strength Index) is 29.10 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 94.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
