In a filing, Opendoor Technologies Inc revealed its insider Schwartz Christina unloaded Company’s shares for reported $7578.0 on Apr 16 ’24. In the deal valued at $2.12 per share,3,566 shares were sold. As a result of this transaction, Schwartz Christina now holds 826,599 shares worth roughly $1.79 million.
Then, Meyer Megan D. sold 91,048 shares, generating $205,040 in total proceeds. Upon selling the shares at $2.25, the President, Sell Direct & Svcs. now owns 4,697,452 shares.
Before that, Schwartz Christina sold 7,411 shares. Opendoor Technologies Inc shares valued at $16,690 were divested by the insider at a price of $2.25 per share. As a result of the transaction, Schwartz Christina now holds 830,165 shares, worth roughly $1.8 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 unchanged to $2.17. Over the last five days, the stock has lost -0.91%. Opendoor Technologies Inc shares have fallen nearly -51.56% since the year began. Nevertheless, the stocks have risen 45.64% 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 04/22/24. SMA at 50 days reached $2.84, while 200 days put it at $3.20. A total of 8.6 million shares were traded, compared to the trading of 10.02 million shares in the previous session.
Levels Of Support And Resistance For OPEN Stock
The 24-hour chart illustrates a support level at 2.11, which if violated will result in even more drops to 2.05. On the upside, there is a resistance level at 2.22. A further resistance level may holdings at 2.27. The Relative Strength Index (RSI) on the 14-day chart is 30.00, which indicates 30.00 technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.31%. Stochastics %K at 7.04% indicates the stock is a buying.
