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Barchart
Barchart
Pathikrit Bose

Opendoor Is Doubling Down on Its Products. Should You Buy the Pop in OPEN Stock Here?

Just a few days after a new CEO took charge of operations, shares of real estate technology company Opendoor (OPEN) received another shot in the arm after the company revealed that it will grow its portfolio of products in the coming weeks. In a recent SEC filing, Opendoor stated, "Opendoor intends to expand its product offerings to allow the company to provide services through the entire continental United States in the coming weeks, through one or more of its direct cash offer, cash plus or working with its partner agents to provide listing services."

This sent the OPEN stock soaring, which is now up a staggering 521.3% on a year-to-date (YTD) basis, with a market cap of $7.5 billion.

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