What Is Happening With OPEN Stock?

Core Insights - Opendoor Technologies (OPEN) stock surged over 200% in the past three months, primarily due to a significant increase in the P/E ratio despite an 8.9% decline in revenue [2][3] - The stock's rise was influenced by several key developments, including a CEO transition, national expansion plans, investments in AI, and fluctuations in earnings [2][3] Developments Impacting Stock Performance - Q2 Earnings Beat: In August 2025, Opendoor surpassed Q2 revenue projections and recorded its first adjusted EBITDA profit since 2022, leading to a stock increase [9] - New CEO Appointment: In September 2025, Kaz Nejatian was appointed as CEO, with an insider purchasing $1 million in stock, indicating confidence in the company's direction [9] - National Expansion: Also in September 2025, the company announced plans to extend its services throughout the entire continental U.S. [9] - Q3 Earnings Miss: In November 2025, Opendoor fell short of Q3 EPS expectations, reporting -$0.12 versus the expected -$0.07, which led to a decline in stock value [9] - AI/Software Focus: In November 2025, the company shifted towards a software and AI-oriented model, aiming for profitability by the end of 2026 [9]