Why Opendoor Stock Jumped 15% in April
Shares of Opendoor Technologies (NASDAQ:OPEN) gained 15% in April, according to data provided by S&P Global Market Intelligence. It's likely heading up as it gets closer to the next earnings report, and it got a boost from a bullish investor take.
Opendoor is in the right place at the wrong time. Its main business is ibuying, or buying and flipping homes through its online marketplace. Its disruptive real estate technology platform may have the right idea for the future of real estate, but in a poor housing market, its business has been under major pressure.
The bulls argue that the potential is there, waiting to get out, while the bears say it's a money pit.
Source Fool.com
