Opendoor stock surges after company brings back founders, names new CEO (OPEN:NASDAQ)

Core Insights - Opendoor Technologies (NASDAQ:OPEN) shares experienced a significant increase of 62% during Thursday afternoon trading, indicating strong market interest and investor confidence [3] - The surge in stock price followed the company's decision to bring its co-founders back onto the board and appoint a new chief executive, suggesting a strategic shift in leadership [3] - This price movement contributes to the ongoing rally of the stock, which has been characterized as a "meme stock," reflecting its popularity among retail investors [3]