The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Opendoor Technologies Inc shares valued at $5,855 were sold by Schaub Sydney on May 07 ’24. At $2.33 per share, Schaub Sydney sold 2,513 shares. The insider’s holdings dropped to 1,448,826 shares worth approximately $3.33 million following the completion of this transaction.
Also, Meyer Megan D. sold 4,808 shares, netting a total of over 9,904 in proceeds. Following the sale of shares at $2.06 each, the insider now holds 4,692,644 shares.
Before that, Schwartz Christina had sold 3,566 shares from its account. In a trade valued at $7,578, the insider traded Opendoor Technologies Inc shares for $2.12 each. Upon closing the transaction, the insider’s holdings decreased to 3,566 shares, worth approximately $1.9 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 surge of approximately 13.30%. Over the course of the year, Opendoor Technologies Inc shares have dropped approximately -48.66%. Shares of the company reached a 52-week high of $4.40 on 01/02/24 and a 52-week low of $1.97 on 05/01/24. A 50-day SMA is recorded $2.58, while a 200-day SMA reached $3.06. Nevertheless, trading volume fell to 22.99 million shares from 21.74 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 2.18, which, if violated, would cause prices to drop to 2.06. In the upper region, resistance lies at 2.38. The next price resistance is at 2.46. RSI (Relative Strength Index) is 49.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 47.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
