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US Stock Alert | Meme Stock Opendoor Technologies Inc (OPEN.US) Falls Nearly 7%, Down 23% Over 4 Days

Stock News09-23

On Tuesday, meme stock Opendoor Technologies Inc (OPEN.US) fell nearly 7%, bringing its 4-day cumulative decline to 23%. Despite this recent drop, the stock remains up 13-fold since July, continuing to attract widespread attention from retail investors. On the news front, US new single-family home sales for August are expected to slow slightly to an annualized rate of 650,000 units based on surveys conducted through Tuesday, following a 0.6% decline in July to an annualized rate of 652,000 units. Additionally, on September 22, hedge fund manager George Noble posted negative comments on social media, questioning the company's business model and profitability.

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