Opendoor Shares Surge Following Major Jane Street Investment

Opendoor Technologies Inc. witnessed a significant rally in its share price, closing with a notable 10.3% gain. This upward movement was primarily triggered by the disclosure that quantitative trading firm Jane Street Group has taken a substantial 5.9% stake in the real estate platform operator. This institutional endorsement fueled a second consecutive day of strong performance for the stock.

The news emerged from a 13G filing submitted to the U.S. Securities and Exchange Commission (SEC), revealing that Jane Street now holds a position of 44 million Opendoor shares. With this investment valued at approximately $362 million, the prominent trading firm has become one of the company’s largest shareholders. The market response was swift and pronounced, building on a 16.24% advance from the previous Wednesday, which itself was driven by positive U.S.... Read more...