Opendoor (OPEN) Soars 82% on Rabois’ Return, CEO Appointment

Core Insights - Opendoor Technologies Inc. (NASDAQ:OPEN) experienced a significant stock surge, reaching an all-time high with an increase of up to 82% during trading, driven by investor optimism following leadership changes [1][3][4] - The stock peaked at $10.7 during intra-day trading, ultimately closing at $10.52, reflecting a 79.52% increase [2] Leadership Changes - Co-founders Keith Rabois and Eric Wu are returning to the Board of Directors, with Rabois assuming the chairmanship [3][4] - Kaz Nejatian, previously the chief operating officer of Shopify, has been appointed as the new CEO and board member, succeeding former CEO Carrie Wheeler [4] Strategic Direction - Rabois is noted for his bold and aggressive business strategy, contrasting with Wheeler's more cautious approach [5] - The leadership transition is seen as a potential catalyst for the company's growth and transformation in the market [4][5]