Opendoor Stock Is Trading Lower Monday: What's Happening?
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Opendoor Technologies Inc shares fell 9.12% to $8.70 on Monday after hedge fund manager George Noble criticized the company on X, calling it 'total garbage' and questioning its business model. Noble highlighted the company's consistent losses and poor unit economics, arguing there is no fundamental case for the stock at current levels. His comments follow a significant rally in Opendoor's stock, which has gained over 1,750% since June. Other critics, including Martin Shkreli and Citron Research, have also expressed skepticism about Opendoor's valuation compared to peers like Compass Inc.
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