Opendoor Technologies Stock News

Opendoor just issued warrants to shareholders. New CEO Kaz Nejatian is targeting break-even adjusted net income by the end of 2026.

Opendoor Technologies' share price soared this year. The stock trounced the S&P 500 and Nasdaq Composite.

Opendoor is a money-losing startup that is attempting to build a business around house flipping. The stock rocketed higher after the company brought in a new CEO.

Opendoor stock has been sliding for a week, down nearly 30% since last Wednesday Data from Redfin shows the housing market has plateaued. A slow market means Opendoor must sit on the homes it owns, increasing operating costs.

Meme stocks have created a world of volatility, and Opendoor Technologies ( NASDAQ:OPEN ) is the latest darling of the stock chatrooms that has captured the attention of traders, leading to a dramatic turnaround in 2025.

Opendoor Technologies has attained meme stock status, with shares up more than 1,000% since July. New CEO Kaz Nejatian announced the company would give warrants to share owners on Nov. 18.

Opendoor Technologies shares experienced a delayed post-earnings rally, as investors digested mixed results, then reacted enthusiastically to another major announcement. Meme traders believe that the company's plans to issue warrants to existing shareholders could lead to a massive short squeeze.

Opendoor stock continues to rally despite poor third-quarter results. The new CEO has laid out a compelling vision for the company's future.