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April 14, 2023
Yesterday at a glance: an influx of buyers helped the online residential real estate company to end the session higher around $1.83, while establishing a $1.82 to $1.96 session range yesterday.
United States Retail Sales is next today at 12:30 UTC.
On the flip side, following a previous reading of 0%, Producer Price Index in United States released yesterday at 12:30 UTC fell short of the 0.1% figure expected by analysts with an actual reading of -0.5%. Data from United States concerning Initial Jobless Claims was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 228,000 to 239,000 this month.
Meanwhile, United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.62 trillion, while the previous figure was 8.63 trillion.
While Opendoor Technologies Inc was bullish yesterday, the following real estate stocks underperformed: ProLogis went down 0.72%, closed at $122.81.
Also worthy of note, as things stand, upcoming United States Core Retail Sales data is projected to fall short of market expectations with newly published data of -0.3%, following on from the preceding figure of -0.1%. New data is set to be published today at 12:30 UTC.
Furthermore, the market is looking at United States Retail Sales figure is projected at -0.4%. It previously stood at -0.4%; data will be released today at 12:30 UTC.
The stock has been trending positively for about a month. Over the past 11 months, the online residential real estate company has retreated 79.84% from a noteworthy peak of $8.83.
