Opendoor Technologies Stock Price Falls as Fed Signals Rates May Stay High
Opendoor Technologies shares dropped 5.0% to $5.28 after the Federal Reserve held rates steady and U.S. stocks declined. The company’s model faces pressure as high borrowing costs persist and resale times lengthen. Offerpad Solutions also fell 5.7%. Opendoor warned in its annual report that settling convertible notes could strain liquidity or dilute shareholders.