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May 18, 2023
A quick look at today: after closing at $2.36 on yesterday, Opendoor Technologies Inc. rallied as high as $2.49 but ended the day at $2.42.
Opendoor Technologies Inc is currently trading at $2.42 following the release of Existing Home Sales (Apr) data from the United States.
Opendoor Technologies Inc's uptick comes amid good United States macroeconomic data released during the day — United States Initial Jobless Claims came out at 242,000, better than analyst estimates of 254,000 and improving upon the previous reading of 264,000.
Meanwhile, United States Existing Home Sales (Apr) released today at 14:00 UTC with a figure of 4.28 million, while the previous figure was 4.43 million. United States Philadelphia Fed Manufacturing Index (May) came out at -10.4, while a consensus of analysts was expecting -19.8.
While Opendoor Technologies Inc was bullish today, the following real estate stocks underperformed: ProLogis went down 0.51%, closed at $122.7.
Elsewhere, United States Fed Chair Powell speech scheduled to come out tomorrow at 15:00 UTC.
The online US real estate company is now trading 70.54% below the significant high of $8 it set around 11 months ago.
