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Stock impact report

1 Reason Opendoor Technologies' Recent Move Is a Major Red Flag [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Management is going to issue warrants to shareholders. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) is still the meme stock of the moment. The real estate tech disruptor, which uses a combination of a digital platform and an iBuying model to change the status quo in real estate, has been under enormous pressure since interest rates were raised a few years ago. So far, interest rate cuts haven't been felt acutely in home sales, and results continue to be disappointing. But there was more to the story in the company's earnings report last week, and one specific action that looks like a glaring red flag. Image source: Getty Images. It's all about the business The third-quarter results were underwhelming, with another decrease in revenue, plus slides in gross profit, gross margin , and net income. However, the stock has been gaining as investors gain confidence in new CEO Kaz Nejatian's clear vision and deliberate strategy. He d Show less Read more
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