Investors who kept the faith even as the iBuyer's stock price was plummeting earlier this summer are being rewarded now with a surge following the announcement of Kaz Nejatian as the new CEO
The iBuyer's latest earnings report comes amid a bumpy year in which it faced the prospect of delisting from the stock market, as well as rally that ultimately saved it
While shares in rival iBuyer Offerpad also went on a rollercoaster ride in July, the company's market capitalization remains below the New York Stock Exchange's $50M minimum requirement
Opendoor, which posted a $392M 2024 net loss and faced delisting from the Nasdaq Stock Market, has seen shares surge 283% in the last month