Overall market sentiment has been down on Opendoor Technologies Inc (OPEN) stock lately. OPEN receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.
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.
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 $17.46 as of 1:14 PM on Monday, Apr 19, a decline of -$0.93, or -5.06% from the previous closing price of $18.39. The stock has traded between $17.11 and $18.42 so far today. Volume today is more active than usual. So far 21,163,506 shares have traded compared to average volume of 11,582,684 shares.
To see InvestorsObserver's Sentiment Score for 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 Score Report on Opendoor Technologies Inc (OPEN) Stock.
