Why Opendoor Technologies Stock Crashed Today
Yesterday was a big day for Opendoor Technologies (NASDAQ: OPEN) stock. Shares of the online real estate platform skyrocketed 80% yesterday after it named a new CEO. Retail investors have been rallying behind Opendoor, turning it into the latest meme stock.
Today, though, investors are booking those gains. Co-founder and new chairman Keith Rabois squashed some of the excitement surrounding the stock in a CNBC interview this morning. Shares had plunged by 15.4% at 1:17 p.m. ET.
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Source Fool.com
