Opendoor Technologies Jumps on iBuying Surge. Here’s Why You Should Sell.

Quick Read Opendoor (OPEN) increased home purchases 46% to 1,706 properties but revenue dropped 32% year-over-year to $736M. Opendoor carries $2B in net debt and 8.2% gross margins amid the weakest U.S. housing market in history. Opendoor guided Q1 revenue down 10% sequentially to $662M with projected EBITDA losses of $33M to $43M. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Opendoor Technologie ...