Opendoor (OPEN) Stock: Why The Price Increased Over 14%

By Amit Chowdhry ● May 6, 2022
  • The stock price of Opendoor Technologies Inc (NASDAQ: OPEN) increased by over 14% pre-market today. This is why.

The stock price of Opendoor Technologies Inc (NASDAQ: OPEN) increased by over 14% pre-market today. Investors are responding positively to the company’s first-quarter results.

Opendoor reported a Q1 EPS of $0.04, which was $0.17 better than analyst estimates of ($0.13). And the revenue for the quarter was $5.2 billion compared to the consensus estimate of $4.29 billion.

Going forward Opendoor expects a Q2 2022 revenue of between $4.1 and $4.3 billion, compared to the consensus of $3.93 billion.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.