Opendoor (NASDAQ: OPEN) reported third-quarter earnings that exceeded its own optimistic expectations, but the stock isn’t higher in the weeks ahead. In fact, unlike most of the market, Opendoor is significantly lower than where it started 2024 and is down by 62% from its 52-week high. In this video, two longtime Fool contributors discuss the latest results and why investors might be worried.
*Stock prices used were the morning prices of Nov. 14, 2024. The video was published on Nov. 15, 2024.
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Matt Frankel has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool 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.
