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Is it Time to Dump Opendoor Technologies Inc (OPEN) Stock After it Is Up 4.21% in a Week?

Monday, June 07, 2021 10:50 AM | InvestorsObserver Analysts
Is it Time to Dump Opendoor Technologies Inc (OPEN) Stock After it Is Up 4.21% in a Week?

The market has been high on Opendoor Technologies Inc (OPEN) stock recently. OPEN gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.

Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.

InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.

Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With OPEN Stock Today?

Opendoor Technologies Inc (OPEN) stock is trading at $16.32 as of 10:36 AM on Monday, Jun 7, a decline of -$0.06, or -0.34% from the previous closing price of $16.37. The stock has traded between $15.88 and $16.53 so far today. Volume today is below average. So far 1,731,125 shares have traded compared to average volume of 11,223,756 shares.

To see the top 5 stocks in the Real Estate Services industry 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 Score Report on Opendoor Technologies Inc (OPEN) Stock.

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