Stock Market Today, Oct. 16: Opendoor Slides on Fresh 52-Week Lows Amid Higher Debt Costs
Opendoor Technologies (NASDAQ:OPEN), a digital home buying, selling, and settlement platform, closed at $2.12, down 8.84% on Oct. 16, 2026. Friday’s slide followed reports of fresh 52-week lows and higher debt costs, while investors are watching early November earnings for guidance, liquidity, and margin trends.
Trading volume reached 64.6 million shares, coming in about 53% above its three-month average of 42.1 million shares. Opendoor Technologies IPO’d in 2020 and has fallen 80% since going public.
S&P 500 (SNPINDEX: ^GSPC) closed at 7,659, down 1.09%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) finished at 26,140, down 2.14%. Among U.S. online residential real estate transactions and iBuying peers, Zillow Group (NASDAQ:ZG) closed at $31.88, down 1.70%, as housing and rate sensitivity kept the sector under pressure.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.