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0 0 0.00193610842207177 0.00580832526621496 0.00485963213939983 -0.000968054211035797 0.00774443368828655 0.0193610842207165
Stock impact report

Opendoor Stock Tumbles 24% in 3 Months: Time to Cash Out or Stay In? [Yahoo! Finance]

Opendoor Technologies Inc (OPEN) 
Company Research Source: Yahoo! Finance
Shares of Opendoor Technologies Inc. OPEN have plunged 23.6% over the past three months, trailing the Zacks Internet – Software industry, the broader Zacks Computer and Technology sector and even the S&P 500. On Tuesday, the stock closed at $5.08, below its 52-week high of $10.87 but well above its 52-week low of 51 cents. The detailed share price performance is shown in the chart below. OPEN Stock's 3-Month Performance Zacks Investment Research Image Source: Zacks Investment Research Challenges: Why OPEN Stock Has Struggled The recent stock decline also reflects near-term operational pressures tied to the company's transition. Despite operational improvements under the Opendoor 2.0 strategy, Opendoor continues to face pressure from the transition of its inventory portfolio. Management noted that recent performance has been affected by the ongoing clearing of legacy inventory acquired under the prior operating approach. As the company works through this older book while bui Show less Read more
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