Dear Opendoor Stock Fans, Mark Your Calendars for August 27

OpenOr (Open) shares remain in focusing after delaying the digital real estate platform, the shareholder vote on dividing the previously proposed reverse shares until August 27.

The administration’s decision to postpone the shareholders ’vote in the wake of the MEME shares gathering, which prompted the open shares until one dollar, which re -complies with the minimum listing requirements on the Nasdak Stock Exchange.

OpenDoor has gathered on $ 3 last week, but since he has reduced some of the gains dependent on retail, and it is now trading about $ 2 only.

The restoration of the requirements of the lower list on the Nasdak Stock Exchange is a positive sign of the open stock in the first place because it eliminates the immediate risks of deleting, which could have led to forced sale.

Moreover, the delay in the reverse division shows the confidence of the administration that the stock can recover organically and protect the current shareholders from mitigation.

This perceived stability allows openness to focus on operating implementation and take advantage of the bullish momentum.

Simply put, it is an OpenDoor shares that have long been struggling with the erosion of the investor’s confidence.

Although delaying the division of reverse stocks is a constructive development, it is hardly a suitable reason for building a site in OpenDoor shares as the company lacks strong basics to ensure investment.

In the last quarter, the platform online continued to simplify the purchase and sale of residential real estate in the loss of funds and recorded 2 % revenues on an annual basis.

Although recent gains may tempt opportunistic investors, the basic risks of owning open shares are still great given that they are a technical share, and therefore they are vulnerable to manipulation.

OpenDoor Technologies is located in the volatile corner of the market where prices are often fluctuated by noise than the basics.

Finally, the margin investors in OpenDoor should also remain because it is not a special loved name between the Wall Street analysts.

The category of consensus on the open stocks currently sits in “Hold” only with the average target of $ 1.14, indicating another 45 % procedure from here.