"In a tough housing market, Opendoor has dramatically scaled back its home purchases, undergone a series of layoffs and opened new lines of business in hope of staying afloat."
"A note circulated last week by financial services firm Keefe, Bruyette and Woods (KBW) urged caution on Opendoor's stock, characterizing the surge as a retail squeeze."
"Opendoor traded for $2.34 in November and bottomed out at $0.51 at the end of June. The company recently announced an expansion of its agent partnership program."
Opendoor's stock has seen dramatic fluctuations, rising sharply from $0.51 to $2.34 amid significant challenges. The company has scaled back home purchases, laid off employees, and diversified its business model due to a tough housing market. Recent initiatives include the Key Connections agent partnership program and the Opendoor Key Agent mobile app. Despite these efforts, analysts warn of a stock surge driven by retail interest, with caution urged regarding Opendoor's uncertain path to profitability as market conditions remain challenging.
Read at www.housingwire.com
Unable to calculate read time
Collection
[
|
...
]