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Why Is Opendoor (OPEN) Stock Soaring Today

October 06, 2025 at 16:06 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

OPEN Cover Image

What Happened?

Shares of technology real estate company Opendoor (NASDAQ: OPEN) jumped 13.9% in the afternoon session after its CEO, Kaz Nejatian, signaled that the company was looking into enabling payments in Bitcoin and other crypto assets for home purchases.

The comments sparked a spike in interest and trading volume for the real estate company's stock. This news came as Opendoor was also undergoing a business transformation. According to management, early signs from the company's new agent-led platform were encouraging. This new model reportedly doubled the number of sellers who reached final cash offers compared to the company's traditional channel, and listing conversions increased fivefold.

The shares closed the day at $9.29, up 14.6% from previous close.

Is now the time to buy Opendoor? Access our full analysis report here.

What Is The Market Telling Us

Opendoor’s shares are extremely volatile and have had 94 moves greater than 5% over the last year. But moves this big are rare even for Opendoor and indicate this news significantly impacted the market’s perception of the business.

The previous big move we wrote about was 3 days ago when the stock gained 7% on the news that CEO Kaz Nejatian stated the company was on the verge of “shipping a relatively big change.”

The stock drew investor attention following the commentary, though Nejatian did not provide specific details about the upcoming development. This announcement came after a period of significant activity for the company, which operates a digital platform for buying and selling residential real estate. Nejatian, who recently took over as the new CEO, had previously indicated plans to use artificial intelligence to transform the company's operations.

Opendoor is up 480% since the beginning of the year, but at $9.23 per share, it is still trading 12.3% below its 52-week high of $10.52 from September 2025. Investors who bought $1,000 worth of Opendoor’s shares 5 years ago would now be looking at an investment worth $564.49.

Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.

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Why Is Opendoor (OPEN) Stock Soaring Today

What Happened?

What Is The Market Telling Us

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