Introducing the Largest Boom-or-Bust Stock of 2023
Bear markets can be particularly unforgiving to up-and-coming growth stocks. Investors might flock to safety, fleeing the unproven or riskier businesses.
Real estate technology company Opendoor Technologies (NASDAQ: OPEN) is a textbook example: The stock has fallen almost 90% from its high. Companies don't often come back from such steep drops, but there's evidence that Opendoor could.
Make no bones about it, Opendoor is a risky stock today but has the potential to create life-changing investment returns by disrupting a multitrillion-dollar industry that has remained largely unchanged for decades. The catch? It needs to survive some of the hardest economic challenges seen in years.
Source Fool.com
