Opendoor Technologies, Inc. OPEN stock climbed in Wednesday’s extended trading after the company announced that Kaz Nejatian, COO of Shopify, Inc. SHOP, was appointed chief executive officer and that co-founders Keith Rabois and Eric Wu are returning to the board of directors. “Founder DNA” Investors cheered the new CEO and return of co-founders Rabois and Wu.Rabois will assume the role of chairman of the board, and Eric Feder will continue in his role as lead independent director.Read Next: Oracle Stock Ro ...

Nejatian, Chief Operating Officer of Shopify, to Lead Company’s Next Chapter as AI-Powered Real Estate PlatformKeith Rabois and Eric Wu Bring Back Founder DNA to Company with Rabois Appointed ChairmanKhosla Ventures and Wu Investing $40 Million in PIPE Financing SAN FRANCISCO, Sept. 10, 2025 (GLOBE NEWSWIRE) -- Opendoor Technologies Inc. (Nasdaq: OPEN) today announced that Kaz Nejatian, Chief Operating Officer of Shopify, has been appointed Chief Executive Officer and member of the Board of Directors. Co-Fo ...

Our Growth Investor Pro service is one of the most highly-respected and most popular services on all of Seeking Alpha. Just $99 to try it for a month. You can learn all about it here including the wall of 5-star reviews we've received in bear and bull markets alike.DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should itAlex runs the investin ...

Group 1 - The Growth Investor Pro service is highly respected and popular on Seeking Alpha, available for a trial at $99 for one month [1] - The service includes features such as weekly webinars, real-time trade alerts, a community chatroom, and access to stock ratings and charts [1] Group 2 - The analyst has a beneficial long position in OPEN shares through various means [2] - The article expresses the analyst's personal opinions and is not compensated beyond Seeking Alpha [2] - Seeking Alpha does not provide investment advice and the views expressed may not reflect the platform's overall stance [2]

Core Insights - Opendoor is looking to artificial intelligence (AI) to enhance its operations and drive efficiency, growth, and cost reduction [1][2][4] - The company has faced skepticism from investors, with some viewing it as a meme stock rather than a viable investment opportunity [2][11] - The new interim leader, Shrisha Radhakrishna, aims to leverage AI for marketing, pricing, and in-home assessments to improve the company's performance [4][10] Financial Performance - Opendoor's gross margin is typically in single digits, making it challenging to cover operating expenses and avoid losses [5][10] - The company has over $2 billion in debt, with last quarter's interest expense reaching $36 million, nearly three times its operating loss of $13 million [10][11] - Despite a stock surge of over 300% this year, the sustainability of this rally is questioned due to the company's financial struggles [11][12] AI Investment Outlook - While AI has the potential to improve efficiency, the effectiveness and return on investment for Opendoor remain uncertain [5][6][9] - A report from MIT indicates that 95% of companies have not seen meaningful revenue from AI investments, highlighting the risks associated with such expenditures [9] - The excitement around AI does not guarantee success, and excessive spending without tangible results could lead to new challenges for Opendoor [8][10]

Key Takeaways Opendoor shares jumped a whopping 171% in a month, closing at $6.04, far above the 52-week low of $0.51. The company is diversifying beyond cash offers with agent tools and new products like Cash Plus. OPEN guides a y/y Q3 revenue decline of 43%, with margin pressure from older, lower-margin homes. Shares of Opendoor Technologies Inc. ((OPEN) have skyrocketed 171% in the past month, compared with the industry and the S&P 500’s rallies of 0.8% and 2.5%. On Monday, the stock closed at $6.04, bel ...

Group 1 - The market experienced a rally to new highs, indicating strong bullish sentiment among investors [1] - This rally was followed by a sharp intraday reversal, leading to a lower close, which may suggest a potential market top has been reached [1]

Core Viewpoint - Opendoor Technologies' stock is experiencing high volatility, with significant fluctuations driven by retail trading and social media influence, making it a risky investment option [1][3][6]. Group 1: Stock Performance - Opendoor's stock surged by as much as 10% on Monday morning but later lost those gains, trading down by 3.8% by midday [1]. - The trading volume for Opendoor exceeded its 65-day average within the session, indicating heightened trading activity [4]. Group 2: Influencing Factors - A notable factor in the stock's early rise was a 30,000-share purchase by the interim CEO, which occurred on August 28, after his appointment [3][4]. - Social media campaigns advocating for the return of co-founder Keith Rabois have also contributed to increased trading volume, despite no indication of his return [5]. - The stock's high short interest, with over 24% held by short-sellers as of mid-August, suggests that any upward movement could trigger a short squeeze [5]. Group 3: Market Context - Opendoor's business is facing challenges due to a sluggish housing market, although potential interest rate cuts by the Federal Reserve may provide some relief [6]. - The current trading dynamics, driven by retail traders, are viewed as short-term noise, contrasting with the long-term struggles of the company's business model [6][7].

Shares of heavily shorted Opendoor Technologies are continuing their rally, putting the stock on pace to extend its winning streak to seven days. ...

Opendoor Technologies, Inc. OPEN shares climbed Monday as retail investors continued a massive rally and social media buzz suggested a famous comedian is buying into Opendoor. OPEN stock is climbing. See the real-time price action here. "You Can Do It!"On Sunday evening, leader of the "OPEN Army" Eric Jackson hinted that a celebrity will announce their support of Opendoor on Monday. "Not Drake, but we have a significant comedian buying OPEN announcement coming tomorrow," Jackson posted on X. A few hours lat ...