Opendoor extends slide after a top holder offloaded $95 mln worth of shares

** Shares of online residential real estate firm Opendoor Technologies OPEN.O down 7.3% at $7.77 on Tues, following >12% tumble in prior session

** Opendoor late Mon reported in a filing Access Industries sold ~11.4 mln shares for $95.2 mln market value, with Sept 22 as approximate sale date, in Rule 144/unregistered block via Tourmaline Partners

** Sale by the investment firm, run by Ukrainian-born billionaire Len Blavatnik, takes its holdings to ~31.3 mln shares, roughly 4.2% of OPEN's 742.1 mln shares outstanding, per LSEG

** Access is the third largest OPEN shareholder, behind new CEO Kaz Nejatian (83.35 mln shares) and Vanguard (66.28 mln)

** Access last dumped ~10.9 mln shares, worth about $100 mln, on Sept 12. OPEN shares shed nearly 14% in that session

** On Sept 11, the meme darling's shares soared 80% to close at $10.52 after OPEN poached Nejatian from Shopify SHOP.TO as its new leader, and said co-founders Keith Rabois and Eric Wu will return to the board, with Rabois becoming chairman

** Former CEO and board chair Carrie Wheeler stepped down from her roles in Aug amid pressure from investors

** Even with the decline on Tues. OPEN shares up ~1,300% over the past three months