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Benzinga

Business

Henry Khederian

What's Going On With Opendoor Technologies (OPEN) Stock?

OPEN Opendoor Opendoor Technologies Opendoor Technologies Inc Nasdaq Keith Rabois

Opendoor Technologies Inc.

Opendoor Technologies Inc (NASDAQ:OPEN) shares are rallying Monday, continuing a turbulent but bullish trend from last week. The stock is trading higher Monday, building on a five-day gain of over 50% that saw its price climb from around $6 to over $9 per share.

What To Know: The recent volatility follows major leadership changes. The stock initially soared last week on news that former Shopify COO Kaz Nejatian would take over as CEO, with co-founders Keith Rabois and Eric Wu rejoining the board. This move, hailed as a return to “FounderMode,” sparked significant investor optimism.

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