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Opendoor (OPEN) Grows 36% on Turnaround, Revival Optimism

Mon, Sep 15, 2025, 8:46 AM 2 min read

We recently published 10 Stocks That Made Millionaires in Just a Week. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the best performers in last week’s trading.

Opendoor Technologies surged by 36.39 percent week-on-week, on investor confidence that the appointment of a new chief executive and the return of its founders would bolster the company towards a revival.

Earlier this week, Opendoor Technologies Inc. (NASDAQ:OPEN) welcomed the return of its co-founders, Keith Rabois and Eric Wu, to the Board of Directors, with Rabois taking the chairmanship role.

Opendoor (OPEN) Grows 36% on Turnaround, Revival Optimism

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This followed a campaign called #BringBackRabois, where investors rallied behind his return to spark the company’s turnaround and revival.

Opendoor Technologies Inc. (NASDAQ:OPEN) also appointed Kaz Nejatian, chief operating officer of Shopify, as its new CEO and board member. He is a lawyer-turned-entrepreneur, an AI-native executive with a track record of transforming products, teams, and companies at scale.

The leadership changes followed the resignation of former CEO Carrie Wheeler, and calls for reinstalling Rabois. Two other board members also stepped down from the company.

As compared with Wheeler, investors viewed Rabois’ business strategy as more bold, aggressive, and visionary, whereas Wheeler was said to be more cautious and reactive.

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