Opendoor Has Lost a Half of Its Value in 2026. Is It Time to Buy?
The ceiling is high, but be aware of the risk of a massive sinkhole.
Overview
Like many housing-related stocks amid rising interest rates and a chilly real estate market, Opendoor Technologies (NASDAQ: OPEN) has been a broken home in 2026. Shares of the home flipper have plummeted 61% this year, down a brutal 94% from their peak coming out of the pandemic a little more than five years ago.
Opendoor is the country's largest iBuyer, offering homeowners the ability to sell their homes instantly at a market-discounted price. Opendoor's goal is to make any cost-effective repairs and remodel to sell the home at a premium.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.