Overview

• Opendoor shares have rebounded from near-delisting levels, rising nearly 20 times from their bottom in recent months.
• The company set Nov. 6 as its next expected earnings date, positioning the report as a near-term trading catalyst.
• Kaz Nejatian was appointed CEO as Carrie Wheeler exited, with founders Eric Wu and Keith Rabois returning and Rabois becoming chair.
• Retail interest surged after investor Eric Jackson floated a Carvana-style recovery, with daily trading volume at one point topping shares outstanding.
• Lower mortgage rates at one-year lows and expectations for further Federal Reserve cuts are framed as potential tailwinds for the rate-sensitive housing platform.