Opendoor CEO’s $1M Share Purchase Boosts Stock by 6%
Opendoor Technologies (OPEN) surged 6.4% after CEO Kaz Nejatian announced a $1 million personal share purchase, signaling confidence in the online real estate platform. The MOVE follows recent Q3 results showing improved inventory management despite persistent housing market headwinds.
Tradable warrants issued to shareholders compounded the rally, climbing 20% over two sessions. Analysts view these investor-friendly measures as potential catalysts for renewed market interest in the stock.