Investors are currently sidelined due to the Thanksgiving holiday but will return to their desks tomorrow. Looking back over the previous session yesterday: bullish sentiment helped the online US real estate company to hammer out a noteworthy $1.66 to $1.94 range yesterday, and finally closing at $1.93 to end the session.
Opendoor Technologies Inc's uptick comes amid good United States macroeconomic data released during the day — United States Core Durable Goods Orders improved upon its previous reading of -0.9% with a new data release of 0.5%.
Nevertheless, highly important Crude Oil Inventories data from United States beat analyst expectations of -1 million with a reading of -3.69 million.
Meanwhile, United States New Home Sales (Oct) came out at 632,000, while a consensus of analysts was expecting 570,000.
A year ago the online residential real estate company reached a significant high of $17 but has consequently lost 90.36% since then.