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Opendoor Stock Plummets Amid Housing Market Slowdown and Insider Selling

Opendoor Stock Plummets Amid Housing Market Slowdown and Insider Selling

Author:

Global Cryptocurrency

Published:

2025-11-20 12:11:02

15

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BTCCSquare news:

Opendoor Technologies (OPEN) shares tumbled 11% on Wednesday, capping a week-long rout that erased nearly 30% of market value. The digital real estate platform's decline defied broader market gains, with the S&P 500 and Nasdaq both advancing.

Redfin's October housing report revealed stagnant conditions, with home sales and new listings flatlining. This paralysis forces Opendoor to hold inventory longer—a costly proposition that squeezes margins for the already unprofitable company.

Interim CFO Christina Schwartz's $583,473 stock sale under a mandatory program further rattled investors. The company's precarious position—carrying billions in inventory while relying on debt financing—has amplified market concerns.

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