Why Opendoor Technologies Stock Was Skyrocketing Today

Motley Fool
2025.09.11 15:34
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Opendoor Technologies' stock surged 58% after announcing Kaz Nejatian, former COO of Shopify, as its new CEO and the return of co-founders Keith Rabois and Eric Wu to the board. This leadership overhaul has boosted investor confidence, contributing to a 1,000% stock increase in recent months. Nejatian aims to leverage modern tools to enhance homeownership. The stock's momentum may continue, especially with the upcoming Federal Reserve interest rate decision, which could further impact its performance.