Key Takeaways
- Ticker: OPEN (NASDAQ)
- Closing Price: $6.12
- Day Change: -11.69% (-$0.81)
- Technical Note: Today’s drop effectively wiped out yesterday’s momentum, pulling the stock back below the critical $6.24 executive strike price level.
Opendoor Technologies Inc is a company operating in the real estate services sector. It has a market capitalization of $6,609,752,000. The company does not have a P/E ratio available.
Today, Opendoor’s stock price is $6.12, reflecting a decrease of $0.81 or 11.69%. Over the past week, the stock has increased by approximately 0.82%. However, it has seen a decline of about 6.71% over the last four weeks, with a 52-week trading range between $0.517300 and $9.261300.
Last year (2025) was a transformational and highly volatile period for Opendoor Technologies (OPEN), largely defined by its “memification” and the aggressive activism of Eric Jackson, founder of EMJ Capital
The “Eric Jackson” Catalyst
In mid-2025, Eric Jackson emerged as the primary architect of the Opendoor “bull case” on social media platforms like X (formerly Twitter). Jackson’s thesis was built on three pillars that resonated with retail investors:
- The “Cult” Narrative: Jackson famously called Opendoor a “cult stock,” drawing parallels to the early growth days of Tesla and Palantir. He argued that its proprietary housing data was being undervalued by traditional analysts.
- Activist Pressure: In August 2025, Jackson intensified his stance, publicly calling for the removal of then-CEO Carrie Wheeler. He advocated for a return to “founder DNA,” which eventually led to the appointment of Kaz Nejatian (former Shopify COO) as CEO and the return of co-founders Eric Wu and Keith Rabois to the board.
This chart shows what happened to Opendoor (OPEN) around the time Eric Jackson, a hedge fund manager at EMJ Capital, posted publicly about the stock on July 14, 2025.
The “memification” of Opendoor was the fuel that got the stock off its $0.51 floor. However, for 2026, the Jackson-led narrative is facing its hardest test yet