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Stock impact report

Is It Too Late to Buy Opendoor Technologies Stock? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Opendoor buys thousands of homes each year from willing sellers and aims to flip them for a profit, which is a very risky business model. Retail investors have used social media to whip up a frenzy in Opendoor stock over the last few months, despite its struggling business. 10 stocks we like better than Opendoor Technologies › Opendoor Technologies (NASDAQ: OPEN) stock hit an all-time low of $0.51 in June, but it has since rocketed higher by 1,700% to trade at around $9 as I write this. Unfortunately, the powerful rally has very little fundamental basis. Instead, retail investors have whipped up a frenzy in the stock using social media platforms like Reddit and X (formerly Twitter). In fact, Opendoor's business continues to face significant challenges, which could pressure its stock price over the long term. Is it too late for investors to buy? Image source: Getty Images. Opendoor's business model is simple, but very risky Most homeowners use a professional agent when i Show less Read more
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