Overview

• Shares jumped about 19% on Monday and were up nearly 60% over five sessions, though Tuesday’s early gains reversed intraday.
• Carrie Wheeler resigned effective immediately, and CTO Shrisha Radhakrishna is serving as president and interim leader during the CEO search.
• Retail-fueled trading and an estimated 23% short interest have intensified meme-style volatility in the stock.
• Opendoor recently regained Nasdaq minimum-bid compliance after maintaining trades above $1 for 12 consecutive sessions in late July.
• Second-quarter results showed revenue up 3.7% to $1.567 billion and a narrower $29 million net loss, while analysts flag thin margins and roughly $2.2 billion in debt.