Here's Why You Might Want to Sell Opendoor After a 240% Gain in 2023 -- And What I'd Buy Instead

By Matt Frankel and Tyler Crowe – Jan 6, 2024 at 6:17AM

NASDAQ: OPEN

Opendoor Technologies

Market Cap

$1B

Today's Change

(3.38%) $0.07

Current Price

$2.14

Price as of April 26, 2024, 4:00 p.m. ET

The iBuyer had a great year in 2023. But have shares come too far, too fast?

Opendoor (OPEN 3.38%) more than tripled in 2023, and to be fair, the company's results were significantly better than most analysts expected. But in this video, you'll hear why two of our contributors think it could be a good time to take profits -- and invest in another real estate disruptor instead.

*Stock prices used were the afternoon prices of Jan. 3, 2024. The video was published on Jan. 5, 2024.

Matthew Frankel, CFP® has positions in Redfin. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Opendoor Technologies and Redfin. The Motley Fool recommends the following options: short February 2024 $8 calls on Redfin. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.