Finance2 sources
Opendoor Stock Drops 20% in October Amid Steady Interest Rates
- Opendoor Technologies (NASDAQ: OPEN) shares dropped 20% in October.
- Negative market sentiment was influenced by steady interest rates and expectations of future increases.
- Opendoor operates a digital platform for a real estate marketplace and home renovation and sales.
- CEO of Opendoor engaged in a public discussion with Mark Cuban ahead of earnings.
- The company is capital-heavy and affected by market conditions.