Opendoor Technologies Inc (NASDAQ:OPEN) shares are trading lower Friday, giving back some of the significant gains seen earlier in the week. Shares are pulling back Friday after co-founder Keith Rabois made comments on CNBC, stating the company is “completely bloated.” The remarks, in which he also clarified Opendoor is not a “meme stock,” add new context to the stock’s pullback following a massive rally earlier in the week.
What Else: The stock initially soared this week following Wednesday’s announcement that former Shopify COO Kaz Nejatian would take over as CEO.
