U.S. Stock Market Midday Update
Opendoor Tech rose nearly 18%, with increased trading volume. Based on recent key news:
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On July 30, driven by the WallStreetBets craze and bold price targets from hedge funds, Opendoor's stock price soared. Despite unstable fundamentals, market sentiment was high, leading to a significant increase in stock price.
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On July 31, analysts projected an 18% revenue growth in 2026, with adjusted EBITDA margins nearing breakeven, further driving up the stock price.
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On August 1, Opendoor is set to announce its second-quarter earnings report, with the market expecting flat revenue and a slight improvement in losses, which could serve as a catalyst for a stock price rebound
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U.S. stock market update: Opendoor Tech rose nearly 18% with increased trading volume. Based on recent key news: 1. On July 30, driven by the WallStreetBets craze and bold price targets from hedge funds, Opendoor's stock price soared. Despite unstable fundamentals, market sentiment was high, leading to a significant increase in stock price. 2. On July 31, analysts projected an 18% revenue growth in 2026, with adjusted EBITDA margins nearing breakeven, further driving up the stock price. 3. On August 1, Opendoor is set to announce its second-quarter earnings report, with the market expecting flat revenue and a slight improvement in losses, which could serve as a catalyst for a stock price rebound

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