April 16, 2024
Opendoor downgraded as mortgage-credit availability plummets

Opendoor downgraded as mortgage-credit availability plummets

Opendoor Technologies Inc. shares took a hit Monday, as Wedbush analyst Jay McCanless backed away from his longtime bullish call on the provider of home-buying and -selling services, citing a dearth of homes for sale and tightening credit standards.

The stock OPEN fell 1.4% in premarket trading, adding to the 9.4% selloff suffered last week.

McCanless…

Source

Leave a Reply

Your email address will not be published. Required fields are marked *