Opendoor Sinks 7% as Yield Spike Meets Delayed Profit Timeline, Offerpad and Zillow Group Trail
Opendoor Technologies (OPEN) fell 7% to $2.79 after CEO Kaz Nejatian revealed a 6-8 week delay in adjusted net income break-even timeline. Rising Treasury yields exacerbate the company's inventory-carry model. Offerpad (OPAD) and Zillow Group (ZG) also declined but less sharply. Opendoor expects 10-15% revenue growth this quarter but faces margin pressures.





