Why Opendoor Stock Plunged 34% in April

Housing trends are not in its favor.Opendoor Technologies (OPEN 8.87%) stock dropped 34% in April, according to data provided by S&P Global Market Intelligence. There wasn't any news specific to Opendoor in April, but the market was pessimistic due to stubborn inflation, and companies like Opendoor that are affected by inflation took a strong hit from the negative sentiment.Opendoor's struggles won't end until the housing market improvesOpendoor operates an iBuying business, which means it buys properties f ...