Latest news with #OPEN
Yahoo
2 days ago
- Business
- Yahoo
Opendoor Technologies (OPEN) Skyrockets 43% as Investors Push Price Up Amid Delisting Concerns
We recently published . Opendoor Technologies Inc. (NASDAQ:OPEN) is one of Monday's biggest gainers. Opendoor Technologies soared for a sixth consecutive day on Monday, adding 42.67 percent to close at $3.21 apiece as investors scrambled to push its share price higher amid concerns about potential delisting. The rally followed a notice from the Nasdaq on May 28 that it failed to maintain its bid price requirement of $1, and that it had 180 days or until November 24 to regain compliance. Under the rules, the company needs to maintain a $1 bid price for 10 consecutive days to remain a publicly listed company; otherwise, it could face delisting. Monday's close marked the fifth straight day for Opendoor Technologies Inc. (NASDAQ:OPEN) to trade above the minimum bid price, having climbed the said level on July 15 after trading below the figure between April 14 and July 14. A real estate broker presenting pieces of paper describing the details of a home sale. Companies typically announce developments that could boost investor confidence or conduct reverse stock split activities to bolster share prices. While we acknowledge the potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Business Insider
4 days ago
- Business
- Business Insider
Opendoor Stock Skyrockets: Here's What This Top Investor Says Comes Next
Opendoor Technologies (NASDAQ:OPEN) just reminded the market that meme mania is still very much alive and kicking. After spending much of the year in the shadows, the heavily shorted real estate tech stock stunned investors with a massive rally, soaring 42% today (following an intraday spike of 120%) and racking up a whopping 500% gain over the past month. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The frenzy was driven by a potent mix of meme-stock magic, short-squeeze speculation, and a bold new endorsement from a well-known hedge fund manager who's calling Opendoor the next Carvana. But does this rally have real staying power, or is it just another meme-fueled mirage? That's the question top investor James Foord is wrestling with. Foord, who's ranked in the top 2% of TipRanks' stock experts, doesn't think the answer is so clear-cut. He's not blindly hopping on the hype train, but he's not ready to write it off either. On the bullish side, Foord highlights Opendoor's commanding presence in the iBuying space, where it now controls roughly 90% of the market following exits by Zillow and Redfin. That kind of dominance, he argues, gives Opendoor an edge in pricing power and data – critical ingredients for optimizing its transaction-driven algorithm, especially as AI capabilities continue to evolve. From a valuation standpoint, the stock recently traded at under 0.2x sales, and even with the latest surge, it's still near 2x book value. Add in a 40% reduction in operating expenses and a $2 billion cash cushion, and Foord sees a potential setup for gains – particularly if interest rates ease in the coming year. But the bear case also looms large. Opendoor remains unprofitable and is saddled with $2.5 billion in debt, a risky position for a company holding housing inventory in a fragile real estate market. Foord cautions that the road to sustainable profitability remains murky, especially with buyers and sellers locked in a stalemate. Moreover, there's the looming risk of dilution. To keep the lights on, Opendoor may need to raise fresh capital – whether to offset ongoing losses, manage its debt, or maintain liquidity amid macro uncertainty. Staying Sidelined on OPEN Stock With both compelling upside and serious risks in play, Foord is choosing to stay on the sidelines. In his view, there just isn't enough clarity in the housing market to take a confident position right now. 'Opendoor is a bet on the housing market. The company needs volume to rebound in order to make its business viable. If management can execute well and mortgages come down, then this could be a great play over the next five years. However, this is highly speculative, and the current rally is a reflection of meme speculation, so investors should be aware that it could come down quite quickly,' Foord summed up. (To view Foord's track record, click here) Wall Street isn't exactly brimming with confidence either. Analysts have slapped a consensus Hold rating on OPEN stock, based on 5 recent calls: 1 Buy, 3 Holds, and 1 Sell. With shares currently at $3.21 and the average price target sitting at just $0.83, that points to a steep 74% downside from here. (See OPEN stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
4 days ago
- Business
- Yahoo
Number of housing markets with falling home prices jumps sharply to 109—up from 31 in January
Want more housing market stories from Lance Lambert's ResiClub in your inbox? Subscribe to the ResiClub newsletter. Number of housing markets with falling home prices jumps sharply to 109—up from 31 in January AI isn't coming for your job—it's coming for your whole org chart What is Opendoor? OPEN stock price soars as housing market platform becomes the latest meme stock National home prices rose 0.2% year over year from June 2024 to June 2025, according to the Zillow Home Value Index reading published July 17—decelerated from the 3.2% year-over-year rate from June 2023 to June 2024. And more metro-area housing markets are seeing declines: —> 31 of the nation's 300 largest housing markets (10%) had a falling year-over-year reading in the January 2024 to January 2025 window. —> 42 of the nation's 300 largest housing markets (14%) had a falling year-over-year reading in the February 2024 to February 2025 window. —> 60 of the nation's 300 largest housing markets (20%) had a falling year-over-year reading in the March 2024 to March 2025 window. —> 80 of the nation's 300 largest housing markets (27%) had a falling year-over-year reading in the April 2024 to April 2025 window. —> 96 of the nation's 300 largest housing markets (32%) had a falling year-over-year reading in the May 2024 to May 2025 window. —> 109 of the nation's 300 largest housing markets (36%) had a falling year-over-year reading in the June 2024 to June 2025 window. While 36% of the 300 largest housing markets are currently experiencing year-over-year home price declines, that share is gradually increasing as the supply-demand balance continues to shift directionally toward buyers in this affordability-constrained and post-housing boom environment. Home prices are still climbing in many regions where active inventory remains well below pre-pandemic 2019 levels, such as pockets of the Northeast and Midwest. In contrast, some pockets in states like Arizona, Texas, Florida, Colorado, and Louisiana—where active inventory exceeds pre-pandemic 2019 levels—are seeing modest home price corrections. Year-over-year home value declines, using the Zillow Home Value Index, are evident in major metros such as Austin (-5.8%); Tampa, Florida (-5.7%); Miami (-3.8%); Dallas (-3.7%); Orlando (-3.7%); Phoenix (-3.5%); San Francisco (-3.4%); San Antonio (-3.3%); Jacksonville, Florida (-3.2%); Atlanta (-2.9%); Denver (-2.7%); San Diego (-2.4%); Raleigh, North Carolina (-2.1%); Sacramento (-1.8%); Houston (-1.8%); Riverside, California (-1.5%); New Orleans (-1.2%); Charlotte, North Carolina (-1.0%); Memphis (-1.0%); San Jose (-0.9%); Portland, Oregon (-0.4%); Seattle (-0.1%); Los Angeles (-0.4%); and Birmingham, Alabama (-0.1%). Click here for an interactive version of the chart below. The markets seeing the most softness, where homebuyers have gained the most leverage, are primarily located in Sun Belt regions, particularly the Gulf Coast and Mountain West. Many of these areas saw major price surges during the Pandemic Housing Boom, with home price growth outpacing local income levels. As pandemic-driven domestic migration slowed and mortgage rates rose, markets like Tampa and Austin faced challenges, relying on local income levels to support frothy home prices. This softening trend is further compounded by an abundance of new home supply in the Sun Belt. Builders are often willing to lower prices or offer affordability incentives to maintain sales, which also has a cooling effect on the resale market. Some buyers who would have previously considered existing homes are now opting for new homes with more favorable deals. Given the shift in active housing inventory and months of supply, along with the soft level of appreciation in more markets this spring, ResiClub expects the number of metro areas with year-over-year home price declines in the Zillow Home Value Index to continue ticking up in the coming months. This softening and regional variation should not surprise ResiClub Pro members—we've been closely documenting it. ResiClub Pro members can view our latest analysis of home prices across 800-plus metros and 3,000-plus counties here. This post originally appeared at to get the Fast Company newsletter: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
5 days ago
- Sport
- The Sun
World open water races in Singapore postponed again over water quality
OPEN water races at the world swimming championships in Singapore will take place Wednesday after being postponed twice due to poor water quality, governing body World Aquatics said. The women's 10km race had already been pushed back a day to Wednesday morning, but organisers said it would now take place on Wednesday afternoon. The men's 10km race was also postponed from its original Wednesday morning slot to Wednesday afternoon. World Aquatics said tests of the water at the Sentosa Island course found that quality levels had improved but were still 'exceeding acceptable thresholds'. The governing body initially said the new time slots for the races were 'subject to acceptable test results'. They later confirmed both races would proceed after further analysis of samples on Wednesday morning found 'significant improvement'. 'Regular water quality monitoring and testing continues throughout the competition period to ensure athlete safety, with the health and safety of all participants continuing to guide all competition-related decisions,' World Aquatics said in a statement. The governing body said levels of E. coli fell between the ranges of 'good' and 'excellent', according to World Aquatics and World Health Organization regulations. Water quality was an issue for events held in the River Seine at last year's Paris Olympics. Of 11 days of events and training scheduled in its murky waters, only five got the green light. The river remained dogged by pollution problems despite a 1.4 billion euros ($1.5 billion) upgrade to improve the Paris sewerage and water treatment system- AFP
The Irish Sun
6 days ago
- Sport
- The Irish Sun
Shane Lowry ‘felt like throwing up all over the place' after family hit by sickness bug amid The Open ball controversy
SHANE LOWRY felt sick after accepting a brutal two-stroke penalty - then wanted to throw up for his entire third round. Lowry, 38, was docked two shots on Friday night when TV footage appeared to show his ball move fractionally after a practice swing from the 12th hole rough. 3 Shane Lowry felt sick throughout his round on Saturday Credit: Sportsfile 3 He admitted his whole family had come down with the bug Credit: Getty He was called in by R&A officials and It meant Lowry signed for a round of one-over 72 instead of one-under 70 and started his Saturday round at even par. The 2019 Open champion at Portrush carded a three-over 74 to take himself out of contention for today's final round. But then he revealed he had been feeling unwell after a bug hit his wife and daughters. READ MORE ON THE OPEN Lowry said: 'I haven't eaten today yet. I tried to get a protein drink down me after eight holes, and I felt like throwing up all over the place. It's been a tough day and I had a bad finish. 'It was hard to take. Then I woke up at 2.30am with cramps in my stomach. I know we have it in the house. "Ivy had a couple of days ago. Wendy had it yesterday. Me and Iris have it today. It will be gone by the holidays next week so at least that's a plus. 'Honestly, every bathroom I went in and tried to throw up, I couldn't. It's just such a bad feeling. It's just really bad timing obviously.' Most read in Golf CASINO SPECIAL - BEST CASINO BONUSES FROM £10 DEPOSITS Lowry initially admitted on Friday night he was He added: 'Quite supportive, I would say, from the other players. They all feel bad for me that two shots is a lot to give up. I don't really have much else to say.' Shane Lowry in rules breach controversy at The Open as balls appears to move on practice swing Playing partner Rahm was one of those to publicly voice his support for Lowry - and called for a change in the strict golf laws and severe penalty. The Spaniard added: "You're in a no-win situation because if you say I didn't see it, you always run the risk of being called something you don't want to be called. "If you take it on the safe side, you're taking a two-shot penalty. It's a tough spot to be in. It's tricky. "Something needs to be changed for sure, I just don't know exactly how they could change it." 3 The moving ball was barely visible on TV Credit: USA Network The Open 2025 ONE of the most anticipated Opens in years is finally here. Can THE OPEN 2025 LIVE - Follow all the latest updates from Royal Portrush TIPS AND FREE BETS ALL YOU NEED TO KNOW... The Open 2025 schedule and tee times The Open prize money 2025 TOP STORIES...
