Why Opendoor Technologies Stock Is Plummeting Today
Opendoor Technologies (NASDAQ: OPEN) stock is getting hit with a big pullback. The company's share price was down 20.1% as of 1:15 p.m. ET. At the same point in the day's trading, the S 500 index was up 0.4%, and the Nasdaq Composite index was up 0.1%.
Opendoor Technologies has recently gained favor as a meme stock and seen incredible valuation gains, but the company's share price is pulling back today as investors take profits on recent gains. Despite big sell-offs in today's session, the stock is still up 330% over the last month.
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Source Fool.com
