The market has been down on Opendoor Technologies Inc (OPEN) stock recently. OPEN gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.
Opendoor Technologies Inc has a Bearish 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.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With OPEN Stock Today?
Opendoor Technologies Inc (OPEN) stock is trading at $7.08 as of 9:47 AM on Friday, May 27, a gain of $0.55, or 8.51% from the previous closing price of $6.52. The stock has traded between $6.66 and $7.23 so far today. Volume today is below average. So far 294,718 shares have traded compared to average volume of 18,569,600 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.
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