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Stock impact report

This $5 Billion Company Is Trading Like a Penny Stock [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
The business itself is still languishing with revenue off by a third from its 2022 peak. The valuation is stiff, but Wall Street pros see revenue rising 15% next year on narrowing losses. 10 stocks we like better than Opendoor Technologies › You don't expect stocks with large market caps to have small price tags, but Opendoor Technologies (NASDAQ: OPEN) is a jumbo shrimp contradiction in today's market waters. The home-flipping specialist has a market cap just above $5 billion, even though it's currently trading for just north of $5 per share. Making things even more interesting, Opendoor traded as low as $0.51 in late June. It was definitely a penny stock at that point, but now it's a full-blown mid-cap stock. Its greater than tenfold jump in just a handful of months is breathtaking, and definitely worth a closer look. Opendoor was born in an era of low mortgage rates and rising residential real estate prices. It was the ideal climate for its business model. Opendoor buys Show less Read more
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