Opendoor (OPEN) Soars 24% Ahead of Dividends

We precocious published 10 Market Movers That Made Millionaires successful a Week. Opendoor Technologies Inc. (NASDAQ:OPEN) is 1 of the best-performing stocks of the past trading week.

Opendoor Technologies climbed by 23.78 percent week-on-week contempt suffering from losses successful the past 2 trading days, chiefly driven by a $1 cardinal insider buying up of a dividend distribution.

In a regulatory filing connected Wednesday, Opendoor Technologies Inc. (NASDAQ:OPEN) said that its CEO Kasra Nejatian, acquired 125,000 communal shares astatine a terms of $8.0365 apiece for a full of $1.004 million, up of the November 18 grounds day for warrant dividends payable connected November 21.

Under the terms, each capitalist holding 30 communal shares of Opendoor Technologies Inc. (NASDAQ:OPEN) is acceptable to person 1 each of Series K, A, and Z warrants, exercisable astatine prices of $9, $13, and $17, respectively.

Subject to shareholder approval, the caller securities volition beryllium listed connected the banal speech nether the symbols OPENW, OPENL, and OPENZ.

However, the banal fell connected Thursday and Friday arsenic investors resorted to profit-taking, portion digesting the imaginable dilution interaction of the warrant dividends connected existing shareholdings.

Also past week, Opendoor Technologies Inc. (NASDAQ:OPEN) announced that it widened its nett nonaccomplishment by 15 percent to $90 cardinal from $78 cardinal successful the aforesaid comparable period, amid a 37 percent little gross profit.

Revenues, connected the different hand, declined by 33 percent to $915 cardinal from $1.377 cardinal successful the aforesaid play past year, but exceeded its earlier guidance of $800 cardinal to $875 million.

While we admit the imaginable of OPEN arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.