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News  ›  Benzinga

Opendoor Stock Gains Ground: What's Behind The Recent Momentum?

Benzinga Logo Benzinga By Evette Mitkov
Opendoor Stock Gains Ground: What's Behind The Recent Momentum?

Opendoor Technologies CEO Kaz Nejatian supports a 50-year mortgage plan aimed at addressing housing affordability, while also announcing a $1 million personal stock purchase in the company.

Insights
JPMpK   neutral

Fifth-largest holding at $7.45 million (3.6% of AUM), no specific performance details highlighted


OPEN   positive

CEO's confidence demonstrated by planned stock purchase, positive commentary on housing market strategy, and maintained Overweight rating from JPMorgan analyst