Opendoor Technologies Inc. (NASDAQ:OPEN) shares dropped after CEO Carrie Wheeler resigned following pressure from investors Eric Jackson and Anthony Pompliano. The company reported second-quarter revenue of $1.57 billion, a one-cent-per-share loss, and positive adjusted EBITDA of $23 million. However, weak guidance for the third quarter led to concerns, with management projecting revenue between $800 million and $875 million and an adjusted EBITDA loss of $21 million to $28 million. Analyst Ryan Tomasello downgraded the stock to Underperform and slashed forecasts for 2025 and 2026 due to uncertainties surrounding the company’s pivot to an agent-led model. OPEN shares are trading at approximately $3.22.

Read more at Yahoo Finance: Retail Investors Drove Opendoor Up 500%, Now The Party’s Over