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Here's Why Opendoor Stock Fell 22% Last Month

Here's Why Opendoor Stock Fell 22% Last Month

Shares of Opendoor (NASDAQ: OPEN) tumbled 21.6% in April, according to S&P Global Market Intelligence, due to worrisome housing market data. The company's delicate financial health doesn't leave much wiggle room, and Opendoor will continue to suffer net losses as real estate struggles with difficult macroeconomic conditions. The company operates an e-commerce platform for residential real estate.