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Is Opendoor Technologies a Good Buy Under $15? -Breaking

by Mike Robinson

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© Reuters. Opendoor Technologies: A Good Deal Below $15

Opendoor Technologies, a digital platform for real estate transactions (NASDAQ:) Technologies was listed on the stock exchange almost a full year ago as part of an SPAC transaction. The stock fell in the double digits despite a booming housing market. Do you think one should buy OPEN shares now? Opendoor Technologies Inc., a San Francisco-based digital real estate platform. The company made its stock market debut through a reverse merger with institutional investor Chamath Palihapitiya’s Social Capital Hedosophia Holdings II on December 21, 2020. Palihapitiya labeled this merger as his next “10x idea,” indicating the initial investment is expected to generate 10x returns.

It was worth $4.8 billion. Regarding this, OPEN Founder Eric Wu said, “This is one of many milestones towards our mission and will help us accelerate the path towards building the digital one-stop-shop to move.” It was ranked #35 on CNBC’s 2020 Disruptor 50 list.

However, shares of OPEN have declined 52.5% in price since its listing to close yesterday’s trading session at $13.30. Stock has fallen 38.2% in the last month, and 11.2% in the past five days.

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