1. Citron Research targeted Opendoor, calling it a 'stock promo'. 2. OPEN investors ignored negative comments, leading to an 8% price increase. 3. Citron criticized OPEN's business model, citing high cash burn and competition. 4. Opendoor's stock has surged over 420% in the past six months. 5. LoanDepot also saw a rally due to Citron's favorable views.
Despite Citron's critique, the stock rallied, showcasing investor confidence. Historically, short seller announcements have led to price recoveries if investor sentiment remains strong.
The significant share price increase indicates market confidence in Opendoor despite criticism, making this news important for investors.
The market is currently reacting positively, but sentiment may shift with future developments. Historical trends show that stocks often fluctuate post-negative reports but can stabilize quickly.