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What If OPEN Stock Plummets?
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Opendoor Technologies (OPEN) stock dropped by 8.2% in one day, raising concerns about real estate conditions and iBuying challenges. The company, valued at $7 billion, has seen revenue decline by 4.5% over the past year. Despite a strong valuation, the stock has historically underperformed during economic downturns compared to the S&P 500. Investors are advised to consider a multi-asset portfolio to mitigate risks associated with steep declines in specific sectors.
Source: Forbes The copyright of this article belongs to the original author/organization.
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