Opendoor Technologies (OPEN) closed at $2.12 on Oct. 16, down 8.84%, after reports of fresh 52-week lows and higher debt costs, on volume of 64.6 million shares, about 53% above its three-month average of 42.1 million. The stock had hit an all-time intraday low of $1.93 on Oct. 15 and has fallen 80% since its 2020 IPO. In the second quarter, revenue fell to $883 million from $1.6 billion in 2025, and the net loss widened to $162 million from $29 million a year earlier, though Opendoor forecast third-quarter sales to grow 20% year over year. Broader markets also slid, with the S&P 500 down 1.09% to 7,659 and the Nasdaq Composite down 2.14% to 26,140, while Zillow Group fell 1.70% to $31.88.
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