Opendoor’s Stock Soars: What’s Behind the 50% Surge?

Opendoor Technologies (NASDAQ: OPEN) experienced a remarkable surge of over 50% on Thursday, September 11th, 2025, driven by significant leadership changes that rekindled investor confidence. The company announced the appointment of former Shopify COO Kaz Nejatian as CEO, and the return of co-founder Keith Rabois as Chairman of the Board. This strategic shift comes after months of pressure from investors, pushing Opendoor towards potential delisting from the Nasdaq. 2025 has been a dramatic year for the company, culminating in this latest market reaction.