Opendoor Stock Faces a Hard Profit Test as CEO Says Turnaround Is Working
Shares of Opendoor Technologies Inc. slipped Monday, trading recently at $4.88—off about 2.6%—after CEO Kaz Nejatian insisted the company has patched a key weakness in its approach. Investors looked past that assurance, focusing instead on a first-quarter loss that more than doubled year-over-year. Volume topped 30 million shares, putting market capitalization near $4.68 billion.
