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Why Opendoor Technologies Stock Plummeted 11% Today

The Motley Fool Logo The Motley Fool By Johnny Rice
Why Opendoor Technologies Stock Plummeted 11% Today

Opendoor Technologies stock dropped 11% due to a stagnant housing market, with Redfin reporting plateaued home sales and listings in October, negatively impacting the company's inventory and financial performance.

Insights
OPEN   negative

Stock dropped 11% due to slow housing market, inability to move housing inventory quickly, operating at a loss, and relying heavily on debt