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As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the real estate services industry, including Opendoor (NASDAQ:OPEN) and its peers.
Opendoor's third-quarter numbers exceeded expectations, so why isn't the stock moving higher?
Let’s dig into the relative performance of eXp World (NASDAQ:EXPI) and its peers as we unravel the now-completed Q3 real estate services earnings season.
Just because they aren't anyone's favorites right now doesn't mean they're not worth owning.
Shares of technology real estate company Opendoor (NASDAQ:OPEN) fell 4.2% in the afternoon session after the company reported weaker third-quarter earnings, and provided revenue guidance for the next quarter that fell short of analysts' forecasts. This cautious outlook was influenced by a challenging operating environment, marked by high mortgage rates and affordability issues that are dampening transaction growth.
Technology real estate company Opendoor (NASDAQ:OPEN) reported revenue ahead of Wall Street’s expectations in Q3 CY2024, with sales up 40.5% year on year to $1.38 billion. On the other hand, next quarter’s revenue guidance of $950 million was less impressive, coming in 21.1% below analysts’ estimates. Its GAAP loss of $0.11 per share was also 39.7% above analysts’ consensus estimates.
SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN), a leading e-commerce platform for residential real estate...
The company is hurting from rising mortgage rates for residential real estate loans.
Technology real estate company Opendoor (NASDAQ:OPEN) will be announcing earnings results tomorrow after market close. Here’s what to expect.
The largest iBuying platform in the U.S. could be a potential multibagger stock.
These relatively small companies have excellent growth prospects.
Although this real estate stock has gotten crushed so far, its low price could be a buying opportunity.
These beaten-down stocks could make you some serious money on the rebound.
We're talking tech.
Wall Street is undervaluing these companies' future growth.
The sheer scope of Opendoor's pullback was more the result of unlucky timing than an indictment of the company's prospects.
SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential...
Alibaba, Celsius, and Opendoor all look undervalued relative to their growth potential.
Which of these real estate stocks is a better buy as interest rates decline?
Alphabet Inc. and eBay vet named Chief Financial Officer LegalZoom and Intuit vet named Chief Technology & Product Officer SAN FRANCISCO, Oct. 01,...
As the economy picks up, these stocks are ready to soar.
The market doesn't have much confidence in its prospects, at least for the near term.
The market doesn't have much confidence in its prospects, at least for the near term.
RH soared on its Q2 earnings report.
The Fed is expected to cut rates next week. These three stocks should benefit from lower rates.
SAN FRANCISCO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor”) (Nasdaq: OPEN), a leading e-commerce platform for residential...
Interest-rate-sensitive stocks are getting ready for new tailwinds.
This online real estate stock is too cheap to ignore.
The Federal Reserve is expected to cut interest rates as soon as September, and some companies will massively benefit from a lower-rate environment.
The long-suffering real estate stocks are suddenly soaring.
iBuying is still an unproven business, but Opendoor is the best bet in the industry.
The real estate disruptor has delivered strong results, but its stock isn't performing well. Here's why.