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May 30, 2023Pre-open trade suggests a higher market open today with Friday's bullish sentiment adding to the risk-on mood. After ending Thursday at $2.32, Opendoor Technologies Inc. spiked to $2.44 Friday, dropped back to starting point range, and rallied again to $2.36.
United States Consumer Confidence data will be released today at 14:00 UTC, with an expected decline to 99.
This rally in Opendoor Technologies Inc's share price coincided with other real estate stocks as ProLogis gained 2.43%, as it traded at $124.95.
Furthermore, the market is looking at United States Consumer Confidence projected to decline to 99 while previous data was 101.3; data will be released today at 14:00 UTC.
Also worthy of note, United States JOLTs Job Openings (Apr) scheduled to come out tomorrow at 14:00 UTC.
The stock has been trending positively for about 30 days. The online residential real estate company reached a significant high of $8 around 11 months ago but has lost 71.04% since then.
