Opendoor stock crashes 43% after meme rally fizzles, exposing deep losses and fragile fundamentals
Opendoor just gave back nearly half its value in 24 hours. The stock hit $4.97 during Tuesday’s meme-driven spike. It’s now trading under $2.80. That’s a 43% drawdown. Volume exploded past 38 million shares. RSI collapsed from 71 to 39. The chart looks like a cliff. This wasn’t earnings. No news catalyst. Just raw speculation. …