Opendoor (NASDAQ: OPEN) wasn’t exactly a strong performer in the 2022 bear market, as the real estate slowdown was a terrible catalyst for its business. However, since that time, Opendoor’s management has done a solid job of right-sizing the business and focusing on improving profitability. In this video, I’ll talk about the recent results and another factor that could lead me to buy shares in the not-too-distant future.
*Stock prices used were the morning prices of May 6, 2024. The video was published on May 7, 2024.
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Matt Frankel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Opendoor Technologies. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
