Opendoor (OPEN) shares cooled off rather significantly today following a blistering rally sparked by the appointment of Kaz Nejatian, the former Shopify (SHOP) chief of operations, as its new top executive. Investors cheered OPEN stock as cofounders Keith Rabois and Eric Wu returned to the board with a $40 million investment as well. More News from Barchart Despite today’s pullback, Opendoor stock is up an amazing 1,740% versus its year-to-date low. www.barchart.com Where Options Data Suggests OPEN St ...

We recently published 10 Stocks Investors Are Gobbling Up. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the best performers on Thursday. Opendoor Technologies climbed to a new all-time high on Thursday after surging by as much as 82 percent during the day, with investor optimism fueled by the appointment of a new CEO and the return of its co-founder to the company. At intra-day trading, the stock jumped to its highest price of $10.7 before paring gains to close the day just up by 79.52 percent at $ ...

Opendoor Technologies - Opendoor Technologies has appointed a new CEO, a former Shopify executive, with a compensation package that could total $2.78 billion if he successfully triples the company's share price [6][10] - The new CEO will be overseen by Opendoor's founders, Eric Wu and Keith Rabois, who have returned to the board [7] - The company is entering a "founder mode" with the new leadership structure and additional financing [8] Boring Company - Boring Company's tunneling operations in Las Vegas were temporarily halted due to a worker suffering a "crushing injury" [10][11] - Investigations revealed multiple injuries among employees during Boring Co. projects, prompting increased oversight from the Las Vegas Convention and Visitors Authority [12] - The company is testing self-driving Tesla vehicles in its tunnels and is preparing for new tunnel systems in Nashville [13] Figure Technology - Figure Technology, a blockchain lender, went public on Nasdaq after raising $787.5 million in its IPO, with shares initially listed at $25 and closing at $31.11, valuing the company at over $6 billion [14][16] - The company focuses on utilizing blockchain for mortgages, facilitating approximately $6 billion in loans from June 2024 to June 2023, generating over $190 million in revenue and nearly $30 million in net income in the first half of the year [15] - The IPO is part of a broader trend of crypto companies going public, with other notable IPOs in the sector occurring recently [16]

Core Insights - Opendoor Technologies is experiencing significant stock price increases, gaining 142% in August and 278% year-to-date, raising questions about whether this is due to its business fundamentals or meme stock dynamics [1][10] Business Environment - The iBuying market is currently challenging, with a lack of homes for sale as homeowners are reluctant to sell due to high mortgage rates [3][5] - Opendoor's business model is capital-intensive, requiring successful cycles of high sales to minimize reliance on external capital [4] Market Performance - Home sales have declined, with new homes sold falling 0.06% from June and 8.2% from July of the previous year [5] - Opendoor's revenue increased by 34% year-over-year in Q2, and its net loss improved from $92 million last year to $29 million this year [6][7] - The company purchased only 1,757 homes in the quarter, a decrease of 63% year-over-year and 51% from Q1, ending with $1.5 billion in inventory, down 32% from Q1 [7] Strategic Initiatives - Opendoor has piloted a new program collaborating with outside agents, resulting in double the number of customers ready for cash offers compared to its direct model [8] - The new model is expected to create a capital-light earnings stream, enhancing sales and margins [9] Future Outlook - The Federal Reserve's potential interest rate cuts could benefit Opendoor, positioning it well for a market recovery [9] - Despite positive developments, the stock price surge appears disconnected from operational improvements, influenced by activist and retail investor activity [10][12]

Market Overview - All major U.S. stock indices, including the S&P 500 and Nasdaq 100, reached new highs, driven by investor optimism regarding potential interest rate cuts despite rising inflation and jobless claims [1] - The S&P 500 closed at 6,587.47, up 0.85%, while the Nasdaq increased by 0.72% to 22,043.07, and the Dow Jones surged 1.36% to 46,108 [2] Company Highlights - **Opendoor Technologies Inc.**: Shares skyrocketed by 79.52% to close at $10.52 after announcing Kaz Nejatian as the new CEO and the return of co-founders to the board. The stock hit an intraday high of $10.70 [2] - **Super Micro Computer Inc.**: Shares rose slightly by 0.09% to close at $43.95, with a notable after-hours increase of 4.14% to $45.77 after announcing the shipment of NVIDIA Blackwell Ultra solutions [3] - **Adobe Inc.**: Experienced a modest increase of 0.11% to close at $350.55, with after-hours trading rising 2.8% to $360.31. The company reported record third-quarter revenue of $5.99 billion, beating estimates [4] - **Tesla Inc.**: Shares climbed 6.04% to close at $368.81, driven by strong demand for Model Y L orders in China, surpassing 120,000 [5] - **Rezolve AI**: Stock surged 8.64% to close at $6.79, with a new Visual Search tool launch and a significant valuation gap compared to AI sector peers [6]

A stock trader on the NYSE.Timothy A. Clary/AFP/Getty Images Opendoor is surging on Thursday on news of a leadership update at the real estate company. Co-founders Keith Rabois and Eric Wu and returning to serve on the company's board. Prominent shareholder Eric Jackson has praised this news as being highly beneficial for the company. The move: Opendoor Technologies surged as much as 56% on Thursday, hitting an intraday high of $9.20 shortly after the market opened. The stock is up 476% year-to-dat ...

Opendoor Technologies is going all in on new CEO Kaz Nejatian with an aggressive compensation package that could see him clear $2.78 billion and own nearly 12% of the company. But he’ll have to do more than triple the share price of a real estate technology company some have deemed a buzzy meme stock. In the meantime, Nejatian will have Opendoor’s founders—Eric Wu and Khosla Ventures’ Keith Rabois—overseeing him on the board. Wu served as Opendoor’s CEO from 2013 to 2022 and chaired the board from 2020 to ...

Opendoor Technologies OPEN stock price soared after the company named a new CEO on Wednesday. The Opendoor Analyst: JPMorgan analyst Dae Lee says the new CEO’s expertise could help accelerate bottom-line improvements and AI tools.He maintains an Overweight rating on Opendoor Technologies with no price target.Read Also: Opendoor Stock Rallies On New CEO, Founders Rabois And Wu Return To Board To ‘Inject Founder DNA’The Analyst Takeaways: Lee is bullish after Opendoor tapped Shopify Chief Operating Officer Ka ...

This live blog is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet's Stock Market Today for Sept. 11, 2025. You can follow the latest updates on the market here with our daily live blog. Update: 10:36 a.m. ET Equities Rally: Indexes Setting All-Time Highs The Dow (+1.27%), S&P 500 (+0.71%), and Nasdaq Composite (+0.56%) just notched fresh intraday highs, continuing to add to gain ...

Opendoor Technologies Inc. (NASDAQ: OPEN ) shares are up Monday morning, about 4.5% in pre-market. The stock has been on quite a run this summer, up 454% on the 6-month chart. However, many investors and analysts alike are worried aboutI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. ...