Analyst Upgrade Causes Strong Bid Stack Premarket
An Arizona-based real estate company is turning heads so far during Tuesday’s premarket after it was upgraded to a hold rating from underperform at Gordon Haskett. While that isn’t necessarily ground breaking, traders seem to be pretty excited to get the party going this morning.
Shares of Opendoor Technologies Inc. (Nasdaq:OPEN) are currently bid up at $2.51/share (+3.29% implied open for sellers) at the time of writing. Seeing that S&P 500 futures contracts are trading in negative territory before the open, this stock is set to massively outperform the index as things stand!
Opendoor Technologies Inc is a digital platform for residential real estate. This platform enables customers to buy and sell houses online. It generates revenue through home sales, along with other revenue from real estate services.
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