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The real estate disruptor has delivered strong results, but its stock isn't performing well. Here's why.
Real estate technology company Opendoor (OPEN -0.11%) reported second-quarter results that exceeded the high end of management's expectations in all key areas, but the stock declined. In this video, Fool.com contributors Matt Frankel and Tyler Crowe discuss the latest results, why Opendoor's stock has done so poorly, and what investors should keep in mind.
*Stock prices used were the morning prices of Aug. 22, 2024. The video was published on Aug. 24, 2024.
Matt Frankel has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Opendoor Technologies. 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.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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