Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Opendoor Technologies Inc shares valued at $32,315 were sold by Schaub Sydney on Oct 15 ’24. At $1.91 per share, Schaub Sydney sold 16,940 shares. The insider’s holdings dropped to 1,281,411 shares worth approximately $2.4 million following the completion of this transaction.
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Also, Meyer Megan D. sold 115,020 shares, netting a total of over 219,412 in proceeds. Following the sale of shares at $1.91 each, the insider now holds 4,293,098 shares.
Before that, Schwartz Christina had sold 16,011 shares from its account. In a trade valued at $30,543, the insider traded Opendoor Technologies Inc shares for $1.91 each. Upon closing the transaction, the insider’s holdings decreased to 16,011 shares, worth approximately $1.39 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 6.86%. Over the course of the year, Opendoor Technologies Inc shares have dropped approximately -58.26%. Shares of the company reached a 52-week high of $4.4000 on 01/02/24 and a 52-week low of $1.5800 on 08/12/24. A 50-day SMA is recorded $1.9522, while a 200-day SMA reached $2.3297. Nevertheless, trading volume fell to 47.54 million shares from 36.48 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 1.8133, which, if violated, would cause prices to drop to 1.7567. In the upper region, resistance lies at 1.9233. The next price resistance is at 1.9767. RSI (Relative Strength Index) is 50.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0460, which suggests the price will decrease in the coming days. Percent R is at 35.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
