Opendoor stock soars 50% after company names new CEO

Core Insights - Opendoor is transforming the real estate market by purchasing homes and selling them through its platform [1] - The appointment of Shopify executive Kaz Nejatian as CEO and Keith Rabois as chairman has led to a significant stock price increase of 50% [1] - Opendoor's stock has surged over 400% this year, reaching a 52-week high [1] Company Developments - Former CEO Carrie Wheeler resigned last month due to pressure from investors, including critical remarks from Rabois and hedge fund manager Eric Jackson [2] - Eric Jackson has gained a substantial following on X, partly due to his successful investment in Carvana, and has focused on promoting Opendoor's recovery [2] - Earlier this year, Opendoor's shares traded below $1, putting the company at risk of being delisted from Nasdaq [2]