Is Opendoor Technologies a Millionaire-Maker Stock?
Everyone wants to make millions in the stock market, but picking the right stock is easier said than done. With shares up by a whopping 370% over the last month alone, Opendoor Technologies (NASDAQ: OPEN) looks capable of pulling it off. But is this rally the first sign of a sustainable bull run or just a hype-driven fluke? Let's dig deeper to find out.
Anyone who has purchased or sold a home recently knows the process feels a little outdated -- especially at a time when you can do everything from grocery shopping to buying a car online. Opendoor aims to help solve this problem by combining real estate with e-commerce.
Since its founding in 2014, the company has specialized in using data-driven valuation models to buy up vast numbers of homes. The goal is to use technology to bypass costly intermediaries like real-estate agents, retaining some of that value while giving home sellers a quick and seamless way to exit their property at an acceptable price.
Source Fool.com
