Opendoor Closed At New Low
Good evening. Welcome to Trends with No Friends.
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Onward…
FOR THOSE JUST JOINING US, HERE’S AN OVERVIEW
Markets got mauled. The S&P 500, Nasdaq Composite and Russell 2000 tumbled more than -3%.
Industrials and consumer staples were the only sectors to lose less than -2%. Technology dove -3.33%.
New 52-Week Lows led New Highs — 187 vs. 23.
THE WORST OF THE WORST
Opendoor Technologies ($OPEN) is the Worst of the Worst. The online real estate marketplace dropped -8% and closed at its lowest price since May 2023.
Here’s the daily chart.
And weak weekly chart.
THE BEST OF THE BEST
Cboe Global Markets ($CBOE) is the Best of the Best. The securities exchange inched +1.28% and closed just shy of an all-time high.
Here’s the daily chart.
And weekly chart.
RILEY’S RECS
New Banksy Artwork of Black Goat Appears in London and Leaves Public Guessing
World’s Tallest Residential Skyscraper Approved in Brazil
Barnard Construction Starts Major Work on Next-Gen Nuke Reactor
Google Monopolized Search Through Illegal Deals, Judge Rules
Personal Flight Reimagined: Former SpaceX Engineer Launches Game-Changing Aviation Startup
Concours-Winning 1938 Alfa Romeo Could Fetch $20 Million at Auction
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