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0.000469116497263505 0 0 -0.000781860828772462 0.00312744331508999 0.0326817826426897 0.032071931196247 0.037529319781079
Stock impact report

Opendoor (OPEN) Shares Skyrocket, What You Need To Know [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
the last trading session, which was triggered by a proposal to ban large institutional investors from buying single-family homes. The previous day's sell-off affected several housing-related stocks after former President Donald Trump announced his intention to implement the ban. However, Opendoor's CEO, Kaz Nejatian, responded to the market concerns by clarifying the company's business model. Nejatian stated, "We're not institutional investors, our job is to help people buy homes. We don't hold the homes!" This clarification seemed to ease investor fears that the proposed policy would harm the company's operations. The recovery also came amid reports of positive business developments and an expansion of the company's operational capabilities. After the initial pop the shares cooled down to $6.38, up 3.8% from previous close. Is now the time to buy Opendoor? Access our full analysis report here Opendoor's shares are extremely volatile and have had 108 moves greater than 5% over t Show less Read more
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