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Opendoor Technologies (OPEN) shares closed at $2.12 on October 16, 2026, dropping 8.84% as investors remained wary of the digital home buying platform’s financial position.
The decline followed intraday reports of fresh 52-week lows and rising debt costs, with market attention now turning to the company's early November earnings for updates on guidance, liquidity, and margin trends.
Trading volume for the session reached 64.6 million shares, a figure approximately 53% higher than the three-month average of 42.1 million shares.
Since its initial public offering in 2020, Opendoor Technologies stock has lost 80% of its value.
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