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Opendoor Technologies (OPEN -14.68%) stock suffered a big sell-off in Wednesday's trading. The company's share price fell 14.7% in the daily session and had been down as much as 15.7%.
Opendoor Technologies Inc. OPEN is trading lower on Wednesday. There is a good chance the downtrend continues.
Opendoor Technologies stock (NASDAQ:OPEN), the online platform for real estate that enables individuals to buy and sell homes, as well as provides title and escrow services, began the week on a negative note with shares declining nearly 9% on Monday. Nevertheless, the stock has still risen about 13% over the last five trading days.
To say that real estate technology company Opendoor (OPEN 3.30%) has been a strong performer recently would be an understatement. Since the beginning of July, Opendoor stock has increased by more than 700%, and many investors believe it could go much higher.
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Shares of Opendoor Technologies (OPEN -8.58%) fell on Monday, finishing the day down 8.6%. The drop came as the S&P 500 (^GSPC -0.43%) lost 0.4% and the Nasdaq Composite (^IXIC -0.22%) lost 0.2%.
Retail investors have expanded the recent "meme stock" surge, which began with Opendoor Technologies, Inc. OPEN, to two new targets: Offerpad Solutions, Inc. OPAD and Inno Holdings, Inc. INHD. Here's what to know:
Real estate e-commerce stock Opendoor Technologies Inc (NASDAQ:OPEN) is continuing to rally after dovish commentary from Fed Chair Jerome Powell lifted housing market optimism.
Opendoor Technologies Inc (NASDAQ: OPEN) has been in a sharp uptrend this month as retail investors continue to flock into the online platform that buys and sells residential real estate.
There are 80 U.S.-exchange-listed companies with market caps north of $1 billion that have more than doubled this year. Only a dozen of them are still trading in the single digits.