Stock Market Today, Oct. 16: Opendoor Slides on Fresh 52-Week Lows Amid Higher Debt Costs

Opendoor Technologies (OPEN) fell 8.84% to $2.12 on October 16, 2026, hitting fresh 52-week lows amid higher debt costs and a sluggish housing market. The digital home buying platform has declined 80% since its 2020 IPO. The company faces headwinds from declining sales, with Q2 revenue dropping significantly to $883 million from $1.6 billion in 2025, and a net loss of $162 million. Investors await early November earnings for guidance on liquidity and margin trends.