NasdaqGS:OPENReal Estate
Opendoor Turnaround Gains Traction As New Model Draws Buyers And Institutions
Opendoor Technologies (NasdaqGS:OPEN) reports early signs of an operational turnaround under new CEO Kaz Nejatian.
The company rolls out a new "cash now, more later" seller incentive model aimed at reshaping how homeowners use its platform.
Weekly home purchases are reported to be up by around 5x, pointing to a clear rebound in transaction activity.
Institutional investors including Morgan Stanley and Jane Street Group have materially increased their positions in the stock.
Opendoor runs an...