What Happened?

Shares of technology real estate company Opendoor (NASDAQ: OPEN) jumped 5.2% in the morning session after the stock rebounded from a sharp drop during the last trading session, which was triggered by a proposal to ban large institutional investors from buying single-family homes. The previous day's sell-off affected several housing-related stocks after former President Donald Trump announced his intention to implement the ban. However, Opendoor's CEO, Kaz Nejatian, responded to the market concerns by clarifying the company's business model. Nejatian stated, "We're not institutional investors, our job is to help people buy homes. We don't hold the homes!" This clarification seemed to ease investor fears that the proposed policy would harm the company's operations. The recovery also came amid reports of positive business developments and an expansion of the company's operational capabilities.

After the initial pop the shares cooled down to $6.38, up 3.8% from previous close.

Is now the time to buy Opendoor? Access our full analysis report here.

What Is The Market Telling Us

Opendoor’s shares are extremely volatile and have had 108 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 21 days ago when the stock gained 4.4% on the news that the company announced executive changes designed to push forward its plans around homeownership tokenization, a move investors saw as a potential new growth driver. This development was part of a larger strategic reset for the company, which has been repositioning itself as a software- and AI-driven marketplace. The shift aimed to move away from a more capital-intensive business model. The stock's rise also occurred amid a favorable backdrop for the housing market, as reports indicated that affordability reached a three-year high. This improvement was supported by declining mortgage payments and rising incomes, which provided a tailwind for the real estate sector.

Opendoor is up 5% since the beginning of the year, but at $6.38 per share, it is still trading 39.4% below its 52-week high of $10.52 from September 2025. Investors who bought $1,000 worth of Opendoor’s shares 5 years ago would now be looking at an investment worth $237.96.

Microsoft, Alphabet, Coca-Cola, Monster Beverage—all began as under-the-radar growth stories riding a massive trend. We’ve identified the next one: a profitable AI semiconductor play Wall Street is still overlooking.Go here for access to our full report.