Overview

• Jane Street Group reported beneficial ownership of 44,031,310 Opendoor shares, a 5.9% stake disclosed via a Schedule 13G that typically reflects a passive position.
• U.S. new single-family home sales rose in August to a 800,000 annual rate, up 20.5% month over month and 15.4% year over year, with a $413,500 median price, boosting iBuyer sentiment.
• Opendoor jumped 16% Wednesday and extended gains in after-hours and early Thursday trading, following a sharp drop earlier this week as some investors rotated to AI stocks; shares are up over 400% in 2025.
• Kaz Nejatian was appointed CEO this month, with founders Eric Wu and Keith Rabois returning to the board and Rabois serving as chair.
• Despite rising activity and investor interest, Opendoor remains unprofitable with a projected 2025 loss near $234 million and significant sensitivity to mortgage rates, and most analyst ratings are cautious.