About Opendoor Technologies Inc - Common Stock (OPEN)
Opendoor Technologies Inc is a real estate technology company that simplifies the process of buying and selling homes. By leveraging advanced algorithms and data analytics, Opendoor allows homeowners to receive instant offers for their properties, facilitating a quick and hassle-free selling experience. The company also provides a platform for homebuyers to easily explore and purchase homes, offering services that streamline transactions, financing, and renovations. By integrating technology into the real estate market, Opendoor aims to make the process more accessible and efficient for both sellers and buyers. Read More
A number of stocks fell in the afternoon session after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending.
Opendoor said that with the stock facing heightened volatility, the board opted to delay the special meeting to give more time for reviewing market conditions and pricing trends
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
fell 4.3% in the afternoon session after the company decided to adjourn a special stockholder meeting scheduled to vote on a potential reverse stock split. The meeting, which was scheduled to address a proposal for a reverse stock split, was postponed until August 27, 2025. This move was initially proposed to help the company regain compliance with Nasdaq's minimum bid price requirement after its stock had closed below $1.00 for 30 consecutive business days. The delay followed a significant surge in the stock's value, fueled by high trading volume characteristic of a meme-stock rally. The company cited this recent volatility as the reason for the postponement, stating it needed more time to assess market conditions. Investors appeared to view the adjournment as a positive sign, suggesting that the controversial reverse split might not be necessary if the stock maintained its higher price.
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SAN FRANCISCO, July 28, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (“Opendoor” or the “Company”) (Nasdaq: OPEN), a leading e-commerce platform for residential real estate transactions, today announced that it intends to convene and then adjourn the Special Meeting of Stockholders (the “Special Meeting”) scheduled to occur at 9:30 a.m. Pacific Time, on Monday, July 28, 2025 until August 27, 2025. No other business will be conducted at the Special Meeting.
Former hedge fund manager Steve Eisman, known for his role in predicting the 2008 financial crisis, is sounding the alarm on what he sees as a resurgence of "meme" stock mania, this time centered around Opendoor Technologies Inc. (NASDAQ: OPEN).
Stocks had another strong week on solid earnings, but tariff and trade policy, along with next week's Fed decision and Jobs report, could stall momentum
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Investors are partying like it's 2021 again with short squeezes hitting small caps and producing big gains. Are these the next 3 stocks to squeeze the shorts?
