SAN FRANCISCO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it will report third quarter 2024 financial results for the period ended September 30, 2024 following the close of the market on Thursday, November 7, 2024. On that day, management will host a conference call and webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the company's business and financial results. What: ...

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...

Which of these real estate stocks is a better buy as interest rates decline? Opendoor (OPEN -5.00%) and Realty Income (O -0.25%) represent two very different ways to invest in the real estate market. Opendoor streamlines home sales by making instant cash offers for houses, repairing them, and relisting them for sale on its first-party online marketplace. Realty Income is a real estate investment trust (REIT) that buys and rents out thousands of commercial properties to a wide range of businesses. Opendoor i ...

The market doesn't have much confidence in its prospects, at least for the near term. The S&P 500 rose last week after the Federal Reserve announced its first interest-rate cut in four years. Lower rates are meant to boost the economy and should result in more money changing hands and higher revenue for many struggling companies and industries. Opendoor Technologies (OPEN -2.40%) is a real estate technology company that wants to change how Americans buy and sell their homes. Residential real estate is one o ...

SAN FRANCISCO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. ("Opendoor") (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that David Benson, former President of Fannie Mae, has been appointed to its Board of Directors ("Board"), effective immediately. Mr. Benson will also serve on the Audit Committee of the Board. "I am thrilled to welcome David to our Board. He is a deeply respected executive who brings to our team three decades of lea ...

Opendoor Technologies Inc. (NASDAQ:OPEN) 2024 Goldman Sachs Communacopia and Technology Conference Call September 9, 2024 7:25 PM ET Company Participants Carrie Wheeler - Chief Executive Officer Conference Call Participants Michael Ng - Goldman Sachs Michael Ng Welcome to the Opendoor Presentation at the Goldman Sachs Communacopia and Technology Conference. I have the privilege of introducing Carrie Wheeler, who is the CEO of Opendoor. She served as CFO of Opendoor for 2 years before being appointed as CEO ...

This online real estate stock is too cheap to ignore. Metric 2020 2021 2022 2023 Opendoor (OPEN -1.03%) has been a tough stock to own over the past few years. The online real estate company's stock started trading at $31.47 after it went public by merging with a special purpose acquisition company (SPAC) in December 2020 and reached its record high of $35.88 during the apex of the growth-stock rally in February 2021. Since then, however, Opendoor's stock has declined 94% to about $2. It crashed and burned a ...

The long-suffering real estate stocks are suddenly soaring. Opendoor Technologies (OPEN 2.38%) and Redfin (RDFN -1.58%) are cut from the same cloth in many ways. Both are real estate tech stocks aiming to disrupt the massive real estate industry. They have a lot of exposure to the housing market, which has sunk both stocks in the post-pandenice shump. As the chart below shows, Opendoor and Redfin are both down sharply from their previous peaks. VAL Opendoor Technologies Inc (OPEN) Price % Off High -93.38% R ...

iBuying is still an unproven business, but Opendoor is the best bet in the industry. iBuying has been one of the most disruptive ideas to enter the real estate industry in decades. iBuying, which stands for instant buying, is home-flipping taken to its logical end, done at a large scale by corporations, rather than just a small contractor. The practice once held a lot of promise as technology has made it easier to buy and sell a home, see comparable sale prices and other useful information, and collect and ...

The real estate disruptor has delivered strong results, but its stock isn't performing well. Here's why. Real estate technology company Opendoor (OPEN -1.87%) reported second-quarter results that exceeded the high end of management's expectations in all key areas, but the stock declined. In this video, Fool.com contributors Matt Frankel and Tyler Crowe discuss the latest results, why Opendoor's stock has done so poorly, and what investors should keep in mind. *Stock prices used were the morning prices of Au ...