Opendoor Shares Plunge 15.25% to Record Low

Opendoor(OPEN) shares plummeted 15.25% today, hitting a record low with an intraday decline of 17.17%.

Opendoor's stock price has been under significant pressure due to an increase in short sale volume, indicating bearish sentiment among investors. This suggests that many market participants have negative expectations for the company's future performance.

Technical analysis reveals that the current share price is below its 5, 20, and 50-day exponential moving averages, which is a strong indicator of a bearish trend. However, there are signs of buying pressure, which could potentially signal a future bullish movement.

Opendoor's stock has experienced considerable volatility, with a 52-week change of -54.27% and trading in the 20-30% percentile range relative to its historical stock score levels. This volatility reflects the uncertainty and risk associated with investing in the company's shares.