Shares of Opendoor Technologies Inc (OPEN) experienced a significant pre-market plunge of 5.13% on Tuesday, continuing the downward trend from the previous day's trading session. This decline comes in the wake of the company's decision to postpone its special shareholder meeting, which has raised concerns among investors.
The real estate technology firm, known for its iBuying business model, saw its stock price under pressure as the market reacted to the unexpected delay in the shareholder meeting. While the specific reasons for the postponement were not immediately clear, such actions often lead to speculation about potential issues or significant announcements that could impact the company's future.
Investors and analysts will be closely monitoring Opendoor for any further announcements or clarifications regarding the postponed meeting. The company's ability to address shareholder concerns and provide a clear path forward will likely be crucial in stabilizing its stock price in the coming trading sessions.
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