π₯ Dropping a $OPEN video update later today!
Stay tunedβ¦ the chart is looking absolutely insane. ππ₯
You wonβt want to miss this. π
#OpenArmy#Opendoor
$OPEN π₯π₯π₯π₯ππππππππ
What does this mean?
"US home sellers slash asking prices as housing market weakness deepens, per Redfin."
This means that home sellers across the U.S. are significantly lowering their asking prices because the housing market continues to weaken.
Simply put:
β’ Homes aren't selling.
β’ Sellers are giving up on their original asking prices.
β’ More price cuts are becoming necessary to close deals.
Why is this happening?
β’ Fewer buyers are in the market.
β’ High mortgage rates have reduced affordability.
β’ Housing inventory is increasing.
β’ Homes are sitting on the market much longer.
As a result, many sellers are finding that lowering their price is the only way to complete a transaction.
What does this mean for Opendoor ($OPEN)?
In the short term, the news is mixed.
Negative:
β’ Downward pressure on home prices.
β’ Slower home sales.
β’ Higher inventory risk.
Positive:
The more difficult it becomes to sell a home, the more valuable instant liquidity becomes.
Homeowners who don't want to wait months to sell may increasingly turn to Opendoor for a fast and certain transaction.
I also believe this environment could actually work in Opendoor's favor. Sellers are struggling, and if Opendoor can acquire homes at attractive prices and then offer buyers financing around a 4.99% mortgage rate, many buyers would likely find that extremely compelling.
That could be one of the smartest ways to continue growing in a challenging macro environment. Companies that can create liquidity and reduce uncertainty are often the ones that emerge stronger when the market eventually recovers. @nejatian@morganb
Told yβall! π Get rekt, shorts.
THATβS THE BREAKOUT! π
Volume continues to increase, which only adds confirmation to the move.
And Warsh just said inflation is stableβ¦ π
#OpenArmy#Opendoor
@NYCMayor@ZohranKMamdani This is a lie. You balanced the budget by borrowing billions from the NY state government which pushed back pension payments, so you literally took money from "the backs of hardworking people."
Donβt get it twisted.
$OPEN π₯π₯π₯π₯ππππππππ
Real estate agents, and now even appraisers, have started speaking negatively about $OPEN. Every time I hear comments like these, it only reinforces my belief that $OPEN is growing and becoming a real threat to the old guard. That's exactly why I'm going to keep investing.
HIS FAMILY IS ALL-IN ON OPENDOOR STOCK π
"My family is the single most levered family in the world on the stock price of Opendoor."
CEO Kaz Nejatian reveals the ultimate personal stakes behind the turnaround: his family has locked their financial future directly to public market performance.
@Yd__Te I'm just a little cranky that people think they can threaten us in order to move us off the mission.
We have a job to do. That's to tilt the world in favor of homeowners. We're going to do it.
This is true both as criticism and praise. There are industries of people who are trying hard to increase the cost of owning a home.
We are bad for those folks.
$OPEN Jun 30
We closed green today but faded a bit in the last 45 minutes. Not terrible, but not super strong either. Not surprising since it was the last day of the month.
We traded 80 million shares today, which is even higher than yesterday. The stock price isnβt moving much because weβre in a real battle between buyers and shorts. The buyers are absorbing the selling, but the shorts are still strong enough to keep the price from breaking higher.
The next two days will be important. Weβll see if we can keep this elevated volume and finally start holding our gains into the close.
Still watching closely.
$OPEN π₯π₯π₯π₯π₯πππππππ
Here's what these numbers actually mean.
420 Institutions
This means 420 institutional investors currently own shares of Opendoor. These include hedge funds, mutual funds, pension funds, and asset managers such as BlackRock and Vanguard.
A larger number of institutional holders generally signals stronger interest from professional investors.
470.35M Shares Owned
Institutions collectively own 470.35 million shares of OPEN, representing a significant ownership stake.
48.75% Held
Nearly 49% of the company's outstanding shares are held by institutions.
That's a meaningful level of institutional ownership and suggests OPEN is already on the radar of many professional investors.
80.23% Buy Sentiment
This is not an actual buy ratio. It's a sentiment indicator generated by the platform based on multiple data points. It suggests the current overall outlook is relatively bullish, but it should be used as a reference rather than a prediction.
My takeaway
The combination of 420 institutional holders, 470 million shares owned, and 48.75% institutional ownership tells me this is not a stock being ignored by Wall Street.
If Opendoor continues to execute and improves its financial performance, existing institutions could continue adding to their positions while attracting new buyers.
Institutional ownership alone doesn't guarantee higher prices, but when it's paired with improving fundamentals, rising volume, and positive business execution, it can become a powerful long term tailwind.