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Why Opendoor Technologies Stock Was Tumbling Today

TheMotleyFool

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Why Opendoor Technologies Stock Was Tumbling Today: https://g.foolcdn.com/editorial/images/817858/real-estate-for-sale-sign.jpg

Shares of Opendoor Technologies (NASDAQ: OPEN), the leading online home flipper, were falling today after the company said it was refinancing convertible debt and taking on new debt, which seems to confirm that the company is struggling to turn profitable, as we saw in its first-quarter earnings report.

As of 1:57 p.m. ET, the stock was down 18.9%.

Image source: Getty Images.

Source Fool.com

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