Do Traders Think Opendoor Technologies Inc (OPEN) Can Keep Climbing Friday?

Overall market sentiment has been high on Opendoor Technologies Inc (OPEN) stock lately. OPEN receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Opendoor Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on OPEN!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With OPEN Stock Today?

Opendoor Technologies Inc (OPEN) stock is trading at $3.26 as of 12:50 PM on Friday, Dec 1, a rise of $0.25, or 8.14% from the previous closing price of $3.01. The stock has traded between $2.85 and $3.31 so far today. Volume today is 14,645,216 compared to average volume of 19,227,028. To screen for more stocks like Opendoor Technologies Inc click here.

More About Opendoor Technologies Inc

Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services. Click Here to get the full Stock Report for Opendoor Technologies Inc stock.