01:45 PM EDT, 09/12/2025 (MT Newswires) -- 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