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Analysts review Opendoor Technologies Inc’s rating

Opendoor Technologies Inc’s filing revealed that its President, Sell Direct & Svcs. Meyer Megan D. unloaded Company’s shares for reported $10875.0 on May 09 ’24. In the deal valued at $2.26 per share,4,808 shares were sold. As a result of this transaction, Meyer Megan D. now holds 4,687,836 shares worth roughly $11.63 million.

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Then, Schaub Sydney sold 2,513 shares, generating $5,855 in total proceeds. Upon selling the shares at $2.33, the Chief Legal Officer now owns 1,448,826 shares.

Before that, Meyer Megan D. sold 4,808 shares. Opendoor Technologies Inc shares valued at $9,904 were divested by the President, Sell Direct & Svcs. at a price of $2.06 per share. As a result of the transaction, Meyer Megan D. now holds 4,692,644 shares, worth roughly $11.64 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 6.90% to $2.48. Over the last five days, the stock has gained 5.53%. Opendoor Technologies Inc shares have fallen nearly -44.64% since the year began. Nevertheless, the stocks have risen 18.10% over the past one year. While a 52-week high of $5.41 was reached on 01/02/24, a 52-week low of $1.80 was recorded on 05/01/24. SMA at 50 days reached $2.55, while 200 days put it at $3.04. A total of 18.34 million shares were traded, compared to the trading of 12.67 million shares in the previous session.

Levels Of Support And Resistance For OPEN Stock

The 24-hour chart illustrates a support level at 2.38, which if violated will result in even more drops to 2.29. On the upside, there is a resistance level at 2.54. A further resistance level may holdings at 2.61. The Relative Strength Index (RSI) on the 14-day chart is 56.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.05%. Stochastics %K at 62.96% indicates the stock is a holding.

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