Opendoor Is Down 53% So Far in 2024. Is It a Buy Before the Fed Starts Cutting Rates?
Opendoor(OPEN) The Motley Fool·2024-08-30 18:03
There was a lot to like in Opendoor's latest earnings report, but the outlook is troubling. Opendoor (OPEN -1.87%) is down by 53% so far in 2024, and what makes this even more interesting is that most real estate technology stocks, such as Zillow and Redfin, are performing far better. What's more, Opendoor recently reported second-quarter results that surpassed even the high end of management's expectations. So with the Federal Reserve set to start lowering interest rates, and a general sense of optimism th ...