Opendoor Is Now Down 64% This Year: Is OPEN Stock a Falling Knife or Poised for a Comeback?
Opendoor Technologies (OPEN) shares are down 64% YTD, trading at $2.09. Q2 revenue fell 43.6% YoY to $883M, with a net loss of $162M. Peers Zillow (ZG) and Compass (COMP) have seen smaller declines. Opendoor's balance-sheet model is under scrutiny as mortgage rates and housing turnover impact its performance. The company aims for positive adjusted net income by year-end.




