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Why Opendoor Technologies Stock Swooned in June

Next-generation real estate company Opendoor Technologies (OPEN 6.00%) wasn't exactly looking like the wave of the future in the first summer month of this year. June saw the company's stock lose more than 18% of its value, which wasn't all that surprising given a piece of financial engineering it announced toward the start of the month. An analyst's recommendation downgrade also dampened investor sentiment. Splitsville On June 6, the company revealed that it had filed the initial regulatory paperwork to pr ...