Opendoor Technologies (OPEN) has to reduce its headcount by as much as 85%, its co-founder and new chairman, Keith Rabois, said in an interview with CNBC on Friday.
Shares slumped 13% as intraday trading volume rose to over 355.3 million from a daily average of about 300.8 million.
Frequency Electronics (FEIM) sank 17% after the company overnight reported lower fiscal Q1 earnings and revenue.
Intraday trading volume climbed to more than 833,000 from a daily average of roughly 372,000.
Price: 9.09, Change: -1.44, Percent Change: -13.64
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