Opendoor's stock fell 7% in early trading on Thursday after its CEO admitted that the timeline for adjusted net income to break even would be delayed by 6-8 weeks, and as US government bond yields rose to a three-year high.
Opendoor Technologies (NASDAQ:OPEN) shares fell 7% to $2.79 in early trading on Thursday, after CEO Kaz Nejatian admitted on X on Wednesday that the company's timeline for achieving adjusted net income (ANI) breakeven had been pushed back by 6 to 8 weeks. Meanwhile, benchmark US government bond yields rose to a three-year high this week, further exacerbating Opendoor's financing cost pressures. In contrast, other housing-related companies such as Offerpad and Zillow Group saw smaller declines, as their less capital-intensive business models are less affected by rising interest rates.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
What is NBM Coin (NFTBlackmarket)? Status and Trading Channels Analysis
-
2
Verizon Communications Inc. (VZ) Q3 Earnings Report Earnings Per Share (EPS): $1.31, market expectation $1.27 Revenue: $34.31 billion, market expectation $34.77 billion Reporting Period: FY2026 Q3 (ended September 30, 2026) Release Date: October 26, 2026
-
3
AI Tokens Explained: Definition, Key Projects, and Market Outlook for Artificial Intelligence Cryptocurrencies
-
4
Brent crude prices fell below $110/barrel, down over 6% from Friday's high
-
5
Which Platforms Allow Bitcoin Purchases Now? A Guide to Choosing Bitcoin Trading Apps
-
6
Virtual Currency Exchange Review: Compliance and Risk Boundaries of Major Global Platforms
-
7
Israel will hold general elections on Tuesday, with war, security, the economy, and coalition formation being the main issues
-
8
What is EURe? An Analysis of the Euro Stablecoin EURe's Features, Uses, and Trading Channels
-
9
Will Cryptocurrencies Disappear? A Comprehensive Analysis of Their Survival Prospects and Challenges
-
10
Global Crypto Exchange Analysis: Largest Platforms and Best Application Choices
Markets Today
Recommended Reading







