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Opendoor's stock surges 36% with new CEO and returning co-founders, but profitability remains elusive.
Opendoor Technologies (OPEN) stock has risen by 36%, boosted by the appointment of former Shopify COO Kaz Nejatian as CEO and the return of co-founders Keith Rabois and Eric Wu to the board.
The company, which uses AI to buy and sell homes, saw its stock climb over 50% last week, from around $6 to over $9 per share.
Despite recent gains, Opendoor, which has yet to turn a sustainable profit, still trades far below its all-time high of $36 per share.
Investors are watching for signs of profitability and progress under new leadership.
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Las acciones de Opendoor suben un 36% con el nuevo CEO y los cofundadores que regresan, pero la rentabilidad sigue siendo elusiva.