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Stock impact report

Opendoor (OPEN) Soars 24% Ahead of Dividends [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Opendoor Technologies climbed by 23.78 percent week-on-week despite suffering from losses in the last two trading days, primarily driven by a $1 million insider buying ahead of a dividend distribution. In a regulatory filing on Wednesday, Opendoor Technologies Inc. (NASDAQ:OPEN) said that its CEO Kasra Nejatian, acquired 125,000 common shares at a price of $8.0365 apiece for a total of $1.004 million, ahead of the November 18 record date for warrant dividends payable on November 21. Opendoor (OPEN) Soars 24% Ahead of Dividends Under the terms, each investor holding 30 common shares of Opendoor Technologies Inc. (NASDAQ:OPEN) is set to receive one each of Series K, A, and Z warrants, exercisable at prices of $9, $13, and $17, respectively. Subject to shareholder approval, the new securities will be listed on the stock exchange under the symbols OPENW, OPENL, and OPENZ. However, the stock fell on Thursday and Friday as investors resorted to profit-taking, while digesting the Show less Read more
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