Opendoor stock price in focus before the bell as OPEN pulls back and housing data looms
Opendoor shares dropped 4.7% to $5.11 Tuesday as investors reacted to weak housing demand and the company’s shift to a leaner model. The company reported a $1.1 billion net loss for Q4 and expects Q1 revenue to fall about 10%. Zillow and Compass also declined sharply. Traders await U.S. new home sales data due Wednesday morning.