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Opendoor Technologies Inc - OPEN STOCK NEWS

Welcome to our dedicated news page for Opendoor Technologies (Ticker: OPEN), a resource for investors and traders seeking the latest updates and insights on Opendoor Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Opendoor Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Opendoor Technologies's position in the market.

Rhea-AI Summary
Opendoor Technologies Inc. to report Q3 2023 financial results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
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conferences earnings
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Rhea-AI Summary
Addressable announces hiring of new COO and $2 billion in home sales generated
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.07%
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management
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Rhea-AI Summary
Opendoor Technologies CEO to speak at Goldman Sachs conference on Sep 7
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.14%
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conferences
Rhea-AI Summary
Opendoor Technologies grants restricted stock units to non-executive employees
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.29%
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none
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Rhea-AI Summary
Opendoor Technologies Inc. reported financial results for its quarter ended June 30, 2023. Revenue was $2.0 billion, down 53% YoY. Gross profit was $149 million, with a gross margin of 7.5%. Net income was $23 million, compared to a loss of $54 million in the same quarter last year. Adjusted net income was a loss of $197 million. Opendoor expects to return to positive contribution margin levels in Q3. The company's inventory balance was $1.1 billion, representing 3,558 homes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-26.33%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.41%
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conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.94%
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none
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Rhea-AI Summary
Opendoor Technologies Inc. reported financial results for Q1 2023, with revenue of $3.1 billion, down 39% YoY. Gross profit was $170 million, reflecting an inventory valuation adjustment. Net loss was $101 million, while adjusted net loss was $409 million. The company purchased 1,747 homes, down 81% YoY, and ended the quarter with 1,137 homes under contract for purchase, down 86% YoY. The 2Q23 revenue guidance is $1.75 billion to $1.85 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
32.59%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.44%
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conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.09%
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Opendoor Technologies Inc

Nasdaq:OPEN

OPEN Rankings

OPEN Stock Data

1.40B
586.65M
11%
61.06%
10.63%
Residential Property Managers
Real Estate and Rental and Leasing
Link
United States of America
TEMPE

About OPEN

opendoor makes it possible to sell a home online in minutes, removing all of the headache, uncertainty and risk from the transaction. opendoor is headquartered in san francisco, calif. and has received a total of $320 million in venture funding from khosla ventures, ggv capital, and access industries, along with a large group of angel investors. for more information, please visit www.opendoor.com.