Opendoor Shares Surge 50% on Founder Return Campaign

Opendoor Technologies Inc. (NASDAQ: OPEN) has experienced a remarkable stock rally in 2025, with shares surging over 170% in the past month, reaching a three-year high around $6.85. This rally is driven by retail investor enthusiasm, social media campaigns, and a hedge fund-led effort by Eric Jackson to reinstate co-founder Keith Rabois to the board, whose aggressive leadership style contrasts with former CEO Carrie Wheeler’s cautious approach. Wheeler recently departed under investor pressure, and the company canceled a planned reverse stock split amid rising retail interest and governance changes. The surge is also supported by expectations of Federal Reserve interest rate cuts, which could improve housing affordability and benefit Opendoor’s home resale business model. Despite the optimistic market sentiment and narrowing losses, Opendoor continues to face financial challenges with a net loss and negative profit margin, highlighting the rally’s mix of strong retail momentum and underlying business risks. The stock’s volatility and elevated trading volumes have drawn comparisons to past meme-stock phenomena, fueled by coordinated buying on platforms like Reddit and X.