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Stock impact report

Opendoor: Less Than 1% Digitized [Seeking Alpha]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Seeking Alpha
Opendoor returned to positive contribution profit in Q3. Opendoor is back to being a net buyer of homes. ~99% of residential real estate transactions are left undigitized. Introduction Opendoor ( NASDAQ: OPEN ) is the leading iBuying company that provides an ecommerce-like experience for buying and selling homes. The company aims to simplify and streamline what could be the most stressful, time-consuming, and expensive stage in most people's lives: moving from one home to another. The past year or so has been a particularly tough time for Opendoor as rising interest rates, spiking mortgage rates, and the housing market reset put tremendous pressure on Opendoor's home inventory and profitability. It's no surprise why the stock has been incredibly volatile this year, swinging from as low as $1 to as high as $5. Today, the stock is caught smack in the middle at $3 a share. Where does it go from here? Tough to say. But one thing's for sure: Opendoor is well-positioned t Show less Read more
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