Fund manager Eric Jackson, who's been responsible for igniting iBuying platform, Opendoor Technologies Inc.'s (NASDAQ: OPEN) 875% rally over the past few weeks, just shared the unusual support that he has received from an unexpected region of the world.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
jumped 21.5% in the afternoon session after the company's leadership transition continued to fuel investor optimism. The move extends a rally from the previous week, which began after the company announced CEO Carrie Wheeler would step down. This leadership change has sparked investor optimism for a strategic turnaround. Shrisha Radhakrishna, the Chief Technical and Product Officer, has been appointed as the interim leader while the board searches for a permanent replacement.
Adding to the momentum, Opendoor has been identified as a "meme stock," attracting traders partly due to its high short interest, estimated at around 23%. This interest, often amplified on social media, has contributed to the stock's significant recent gains as investors bet on the company's new direction under fresh leadership.
The financial markets are abuzz with significant movements across various sectors, driven by a confluence of strategic investments, groundbreaking regulatory approvals, and the enduring influence of retail investor sentiment. From Warren Buffett's latest healthcare bet to the Trump administration's potential foray into semiconductor manufacturing, and a major pharmaceutical breakthrough, these
OPEN (NASDAQ:OPEN) stock has achieved a Golden Cross, signaling potential for further upside and is technically bullish on multiple indicators. Leadership shake-up and retail investor buzz add to positive sentiment.
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around.
Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.
Curious about the most active stocks in today's session? Get a glimpse into the stocks that are generating the highest trading volume and capturing market attention.
Opendoor Technologies Inc. (NASDAQ: OPEN) shares are trading higher Friday after CEO Carrie Wheeler stepped down, a move that drew strong reactions from both institutional and retail investors.
UnitedHealth shares traded nearly 14% higher in Friday’s midday trade after Warren Buffett’s Berkshire Hathaway revealed in its latest 13F filing that it held five million shares of the firm at the end of the second quarter.
Shares of technology real estate company Opendoor (NASDAQ:OPEN)
jumped 11.1% in the morning session after the company announced the immediate resignation of Chief Executive Officer Carrie Wheeler. The real estate platform announced that Carrie Wheeler stepped down from her roles as CEO and chair, effective immediately. Shrisha Radhakrishna, previously the Chief Technology & Product Officer, has been appointed as the interim leader while the company's search for a new CEO, which began in mid-2025, is well underway. The leadership shake-up comes amid a period of high volatility and surging retail investor enthusiasm that has given the stock "meme-stock status," with shares tripling in the past month.
