Opendoor Stock: Buy, Sell, or Hold?
Real estate tech companies have struggled of late, and Opendoor Technologies (NASDAQ: OPEN) is no exception.
The high-tech home flipper has been one of the biggest victims of the sluggish housing market over the last two years as rising interest rates have cooled demand for homes and pushed prices down from their peaks.
That pressure has led to a sharp sell-off in Opendoor stock, but it has also eliminated competition as both Zillow and Redfin shuttered their home-flipping businesses. With Opendoor stock now trading in penny-stock range -- under $5 a share -- investors may be wondering if it's worth buying or if the stock is headed lower. Let's take a look at the buy, sell, and hold arguments for the stock.
Source Fool.com
