Opendoor Sinks 7% as Yield Spike Meets Delayed Profit Timeline, Offerpad and Zillow Group Trail

Opendoor Sinks 7% as Yield Spike Meets Delayed Profit Timeline, Offerpad and Zillow Group Trail

Opendoor Technologies (NASDAQ:OPEN) stock is falling 7% to $2.79 in early Thursday trading, deepening a slide that now has shares down 51% year to date. Two forces are hitting at once, and separating them is the point of today’s move. Chief Executive Kaz Nejatian conceded on X Wednesday that the company’s adjusted net income break-even […]

Opendoor (OPEN) Stock Plunges 7% as Profitability Target Pushed Back Two Months

Opendoor (OPEN) stock dropped 7% after CEO delayed profitability timeline by 6-8 weeks due to August housing downturn and rising Treasury yields.

Opendoor (OPEN) Stock Hits 52-Week Low as CEO Delays Profit Timeline by Six to Eight Weeks

TLDR Opendoor CEO Kaz Nejatian confirmed the company has not yet reached ANI break-even, pushing the profit timeline back six to eight weeks. The stock fell around 7% to $2.79, bringing its year-to-date decline to 51%. A sharp late-August housing downturn slowed home sales and kept delistings...