Market Activity
Opendoor Technologies Inc. (OPEN) Stock Sliding in Premarket, Here’s Why
Opendoor Technologies Inc. (OPEN), a digital platform for residential real estate, has slid 8.01% in the premarket trading session. As a result, the stock was trading at $10.10 when last checked. During Thursday’s regular trading session, the stock surged 19.09% and closed the day at $10.98. The stock’s abysmal performance in the premarket could be attributed to the announcement of financial results. Q4 and FY 2021 Results On Thursday, OPEN announced the results for Q4 2021 and FY 2021. The total revenue for Q4 2021 was $3.8 billion, a belligerent increase of 1,435% compared to Q4 2020. The gross profit for the
