Opendoor Shares Face Pressure as Warrant Deadline Arrives

Opendoor Technologies Inc. shares are experiencing significant downward pressure as today’s deadline for a special dividend of tradable warrants expires. Despite exploding social media activity surrounding the real estate technology provider, the stock’s trajectory remains firmly negative.

Discussion around Opendoor stock has surged dramatically across social platforms as the warrant eligibility cutoff approaches. On Stocktwits, message volume related to the company skyrocketed by 640% within a 24-hour period. However, this online enthusiasm has failed to translate into market gains.

The equity continues its downward trend, marking the third consecutive day of declines. After trading at approximately $8.12 on November 14, shares fell to around $7.84 by the close on Read more...