Why Opendoor Stock Plunged 32% in December
Portfolio Pulse from
Opendoor Technologies' stock fell by 32% in December due to rising mortgage rates and increased pessimism in the real estate market.
January 06, 2025 | 5:30 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Opendoor Technologies experienced a significant stock price decline of 32% in December, driven by rising mortgage rates and a pessimistic outlook on the real estate market.
The increase in mortgage rates negatively impacts the real estate market, which is directly related to Opendoor's business model. This led to a significant drop in investor confidence, causing the stock to fall by 32%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100