Monstrous Gains: 10 Stocks Leaving Wall Street in the Dust

4. Opendoor Technologies Inc. (NASDAQ:OPEN)

Opendoor Technologies extended its winning streak to a 6th consecutive day on Friday to hit a new all-time high, as investors cheered a campaign to bring back its co-founder, Keith Rabois, to the board to support the company’s turnaround and revival.

At intra-day trading, the stock surged by as high as 14.9 percent to hit a new record of $6.85 before trimming gains to end the day just up by 11.58 percent at $6.65 apiece.

Eric Jackson—founder of EMJ Capital, which owns a significant stake in Opendoor Technologies Inc. (NASDAQ:OPEN)—has been advocating for Rabois’ return to the company for his bold, aggressive, and visionary stance, as opposed to its former CEO Carri Wheeler’s cautious and reactive attitude.

Jackson believed that Rabois’ return would support a turnaround and revival of Opendoor Technologies Inc.’s (NASDAQ:OPEN) true vision.

In a post on X (formerly Twitter), Jackson said he believed the company could propel to as high as $82, $200, and even $500, but that the current board “will be long gone by then.”

Further spurring sentiment were high expectations of a lower interest rate at the Federal Reserve’s next FOMC meeting.

Opendoor Technologies Inc. (NASDAQ:OPEN), a real estate technology company that resells residential properties, is expected to benefit from the move on lower borrowing costs for prospective homebuyers.