Opendoor Technologies Inc's stock plummeted 6.05% during intraday trading on Thursday, reflecting significant selling pressure.

The sharp decline was primarily driven by weak consensus estimates ahead of the company's upcoming quarterly earnings report. Investors reacted negatively to expectations of a 37.06% year-over-year revenue decline and a widening EBIT loss, which weighed heavily on market sentiment.

This pullback represents a repricing of fundamentals as the market adjusts to the anticipated weak financial performance, despite recent positive momentum from events like the first-quarter financial open house.