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April 06, 2023
A quick look at yesterday: the online US real estate company hovered around the $1.64 level after closing Tuesday at $1.77 and shedding 7.34%, as it reached reached yesterday's session close.
Initial Jobless Claims data from United States will be released today at 12:30 UTC with analysts expecting a decline to 200,000. Potentially significant price fluctuations in Opendoor Technologies Inc are expected to follow.
Highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million.
While price action maintains a negative bias, United States ISM Non-Manufacturing PMI (Mar) came out at 51.2, while a consensus of analysts was expecting 54.5. United States ADP Nonfarm Employment Change (Mar) released yesterday at 12:15 UTC with a figure of 145,000, while the previous figure was 261,000.
Opendoor Technologies Inc was not the only decliner in the real estate sector; ProLogis went down 1.46%, closed at $124.08.
Looking ahead, ongoing depreciation may be prolonged as projections for United States Non Farm Payrolls are set for a continuation of decline with 239,000 while previous data was 311,000; data will be released tomorrow at 12:30 UTC. United States Initial Jobless Claims expected to decline to 200,000 while its preceding data was 198,000, data will be available today at 12:30 UTC.
Furthermore, United States Unemployment Rate is expected tomorrow at 12:30 UTC.
Approximately 11 months ago, the online residential real estate company reached a significant high of $8.83 but has struggled to hold onto its gains and declined 79.95% since then.
