Why Opendoor Technologies Stock Is Plummeting Today
Opendoor Technologies (NASDAQ: OPEN) stock is getting hit with a surge of selling pressures in Tuesday's trading. The real estate specialist's share price was down 14.1% as of 11:15 a.m. ET amid very little movement in the broader market. The stock had been down as much as 15% earlier in trading.
Opendoor announced yesterday that it was delaying a shareholder meeting to vote on a reverse stock split until Aug. 27. The company had been scheduled to vote on the matter yesterday, but it postponed the vote because the company's recent valuation surge helped push the company's share price above the $1 threshold needed to continue trading on the exchange.
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Source Fool.com
