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Opendoor Slips Into Holding Pattern as Post-Rally Pullback Leaves Shares Near $7

Analyses highlight strong momentum readings despite weak growth scores alongside a record of sharp drawdowns.

Overview

  • Shares dipped about 2% Thursday to roughly $7.22, extending a consolidation phase after a 27.7% slide from $10.21 on September 17.
  • Benzinga characterizes the stock’s latest action as sideways with no fresh catalysts as housing conditions remain difficult.
  • The prior rally was aided by the full settlement of a derivatives lawsuit, which helped fuel momentum before the recent retracement.
  • Investor views remain polarized, with George Noble criticizing unit economics while EMJ Capital’s Eric Jackson outlines a bullish, rate-cut–dependent path and a long-term market-share ambition.
  • Conflicting signals persist, with a 99.01 Momentum score versus a 10.19 Growth score per Benzinga Edge, while Forbes/Trefis calls the stock fairly valued and notes repeated >30% dips with mixed historical recovery outcomes.