Opendoor Technologies: Fortune Favors The Bold
Opendoor(OPEN) Seeking Alpha·2024-02-25 11:11
OsakaWayne Studios/Moment via Getty ImagesIntroduction It has not been easy holding Opendoor Technologies (NASDAQ:OPEN) stock. If you have been an Opendoor investor for the past year or so, you might have experienced a roller coaster of emotions as the stock oscillates violently between $1 and $5. To illustrate, the stock has a 1-year Beta of 7.5, which screams extreme volatility. Data by YChartsElevated interest rates and low housing affordability led to record low home sales, which put a strain on Ope ...