Why Opendoor Technologies Stock Plummeted Today
Opendoor Technologies (NASDAQ: OPEN) 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%. For comparison, the S 500 and the Nasdaq Composite each gained 0.2% today.
Big swings for the stock have been the norm lately, and there don't appear to have been any business-specific catalysts behind Opendoor's big valuation pullback today. To put the volatility in perspective, Opendoor's share price had actually been up as much as 5.7% in today's trading before the gains withered and reversed into deep sell-off territory.
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Source Fool.com
