Why Opendoor Technologies Stock Was Skyrocketing Today
Shares of Opendoor Technologies (NASDAQ: OPEN) were soaring again today after the online home flipper overhauled its management team, announcing a new CEO and bringing back two of the company's founders onto the board.
That news helped stoke more confidence in the business, as the stock has jumped more than 1,000% in the last few months on a combination of a meme stock rally and bets that interest rate cuts will help drive a turnaround.
As of 10:43 a.m. ET, the stock was up 58% on the news.
Source Fool.com
