Opendoor Stock Surges as Jane Street Acquires 5.9% Stake
Opendoor Technologies (OPEN) shares jumped 7% in after-hours trading following news that quantitative trading firm Jane Street has taken a 5.9% stake in the online real estate platform. The disclosure, made via social media platform X on September 24, marks another high-profile endorsement for the company.
OPEN has now rallied 414% year-to-date, fueled by meme-stock momentum and bullish social media commentary from investors like hedge fund manager Eric Jackson. The stock's volatility reflects shifting sentiment toward residential real estate disruptors amid broader market turbulence.