Opendoor Shuts India Operations, Lays Off 250 Amid AI Shift
Reported by Reuters
Sentiment
Neutral
Importance
7
Price
$4.55
Mkt Cap
$4.322B
52W Low
$0.508
52W High
$10.87
Market data snapshot near publication time
Summary
Opendoor is shutting down its India operations and laying off 250 employees as it shifts towards greater AI utilization. This strategic move aims to unify systems and bring operational work closer to U.S. customers, moving away from manual workflows previously handled by the India team. The decision follows the company's Q1 2026 report of a wider net loss, suggesting a focus on efficiency and cost reduction.
At the time of this announcement, OPEN was trading at $4.55 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $0.51 to $10.87. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.
Price Chart
OPEN - Latest Insights
OPEN
Jun 11, 2026, 5:07 AM EDT
Price at Filing:
$4.55
Real-time Price:
$4.52
Change:
-$0.030 (-0.66%)
Market Cap:
$4.322B
OPEN
Jun 02, 2026, 5:28 PM EDT
Price at Filing:
$5.42
Real-time Price:
$4.52
Change:
-$0.895 (-17%)
Market Cap:
$4.322B
OPEN
May 27, 2026, 11:48 AM EDT
Price at Filing:
$4.90
Real-time Price:
$4.52
Change:
-$0.380 (-8%)
Market Cap:
$4.322B
OPEN
May 07, 2026, 4:32 PM EDT
Price at Filing:
$5.51
Real-time Price:
$4.52
Change:
-$0.990 (-18%)
Market Cap:
$4.322B
OPEN
May 07, 2026, 4:17 PM EDT
Price at Filing:
$5.47
Real-time Price:
$4.52
Change:
-$0.950 (-17%)
Market Cap:
$4.322B
OPEN
May 07, 2026, 4:14 PM EDT
Price at Filing:
$5.47
Real-time Price:
$4.52
Change:
-$0.950 (-17%)
Market Cap:
$4.322B
OPEN
Apr 28, 2026, 4:30 PM EDT
Price at Filing:
$5.44
Real-time Price:
$4.52
Change:
-$0.9201 (-17%)
Market Cap:
$4.322B
OPEN
Mar 31, 2026, 8:07 AM EDT
Price at Filing:
$4.51
Real-time Price:
$4.52
Change:
+$0.0100 (+0.22%)
Market Cap:
$4.322B
OPEN
Feb 19, 2026, 4:25 PM EST
Price at Filing:
$5.28
Real-time Price:
$4.52
Change:
-$0.760 (-14%)
Market Cap:
$4.322B
OPEN
Feb 19, 2026, 4:22 PM EST
Price at Filing:
$5.27
Real-time Price:
$4.52
Change:
-$0.7497 (-14%)
Market Cap:
$4.322B