Leadership Shakeup Ignites Historic Rally for Opendoor Stock

A dramatic overhaul of its executive team has propelled Opendoor Technologies Inc. (OPEN) to its most significant single-day surge on record. The iBuying platform?s stock skyrocketed an astonishing 78.8% to close at $10.48, fueled by the return of its founding members and a new strategic focus on artificial intelligence.

The session was marked by frenetic trading activity, with more than 528 million shares changing hands?a figure that dwarfs the stock?s average volume by a factor of twelve. During the rally, the share price climbed to a peak of $10.52, its highest valuation since early 2022, signaling a powerful rebound for the company.

Key metrics from the surge include:
– The largest one-day percentage gain in the firm?s historyRead more...