What Happened?

Shares of technology real estate company Opendoor (NASDAQ: OPEN) jumped 7% in the afternoon session after 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.

After the initial pop the shares cooled down to $8.34, up 4% 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 95 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

Opendoor is up 425% since the beginning of the year, but at $8.34 per share, it is still trading 20.7% 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 $456.99.

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