Opendoor Plunges 13.53% on Reverse Split Concerns

On June 9, 2025, Opendoor's stock price plummeted by 13.53% in pre-market trading, marking a significant decline for the company.

Opendoor Technologies recently proposed a reverse stock split, which has led to a decline in its stock price. This move is aimed at increasing the stock's price per share, but it has raised concerns among investors about the company's financial health and future prospects.

Additionally, Opendoor is currently trading at a lower price-to-earnings ratio compared to some of its competitors, which may indicate that it is undervalued. However, the recent drop in stock price suggests that investors are cautious about the company's future performance.