Opendoor Technologies Inc’s recently made public that its President, Sell Direct & Svcs. Meyer Megan D. unloaded Company’s shares for reported $9904.0 on Apr 25 ’24. In the deal valued at $2.06 per share,4,808 shares were sold. As a result of this transaction, Meyer Megan D. now holds 4,692,644 shares worth roughly $11.03 million.
Then, Schwartz Christina sold 3,566 shares, generating $7,578 in total proceeds. Upon selling the shares at $2.12, the insider now owns 826,599 shares.
Before that, Meyer Megan D. sold 91,048 shares. Opendoor Technologies Inc shares valued at $205,040 were divested by the President, Sell Direct & Svcs. at a price of $2.25 per share. As a result of the transaction, Meyer Megan D. now holds 4,697,452 shares, worth roughly $11.04 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 jump 6.33% to $2.35. Over the last five days, the stock has gained 10.59%. Opendoor Technologies Inc shares have fallen nearly -47.54% since the year began. Nevertheless, the stocks have risen 74.07% over the past one year. While a 52-week high of $5.41 was reached on 01/02/24, a 52-week low of $1.26 was recorded on 05/01/24. SMA at 50 days reached $2.63, while 200 days put it at $3.09. A total of 27.4 million shares were traded, compared to the trading of 25.47 million shares in the previous session.
Levels Of Support And Resistance For OPEN Stock
The 24-hour chart illustrates a support level at 2.26, which if violated will result in even more drops to 2.16. On the upside, there is a resistance level at 2.41. A further resistance level may holdings at 2.46. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.68%. Stochastics %K at 37.74% indicates the stock is a holding.
