Reported 1 day ago
Opendoor Technologies saw a remarkable 142% increase in its stock price in August amidst a challenging real estate market marked by high mortgage rates. Despite facing difficulties in home sales and competition, the company has implemented new strategies, including collaborating with outside agents, to boost sales. While the stock is rising significantly, primarily fueled by retail investor enthusiasm rather than business fundamentals, its future success remains uncertain as it navigates a tough economic environment.
Source: YAHOO