Why Opendoor Technologies Stock Jumped Today

Key Points

• Opendoor is bringing a new CEO in for its next phase of growth.

• Warren Buffett's Berkshire Hathaway just revealed new stakes in several housing-related stocks.

• Berkshire was permitted to delay disclosing these "mystery stocks" as it's been building positions since the first quarter.

• 10 stocks we like better than Opendoor Technologies ›

Opendoor Technologies (NASDAQ: OPEN) stock is jumping today, but not for the same reason it had been shooting higher in recent weeks. Shares of the real estate technology company have rocketed 286% in the last month, including another 14.8% today as of 10:58 a.m. ET.

Much of the recent interest has been from retail investors talking the stock up on message board forums like Reddit. Today's pop comes with real news from the company, though. Opendoor announced today it is looking for a new CEO to spur another phase of growth.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Image source: Getty Images.

Warren Buffett may be calling a bottom

Opendoor's e-commerce platform for real estate transactions has struggled alongside the housing market in recent years. Opendoor stock has also trended lower over the past three years until a recent surge.

That surge came from retail investors effectively turning Opendoor into a meme stock. Shares surged 245% in July. Traders on the Reddit WallStreetBets board postulated that the extended drop in the stock could reverse in a big way, and others piled in.

Now there are signs that the housing slump could also be reversing course, which would also boost Opendoor's underlying business. The company's current CEO, Carrie Wheeler, is stepping down, allowing a new leader to navigate the company into what it hopes is a new growth phase.

Warren Buffett's Berkshire Hathaway just disclosed new stakes in several housing-related stocks, too. In a Form 13F released yesterday, Berkshire disclosed new buys in homebuilders Lennar and D.R. Horton as well as steel giant Nucor. All three would benefit greatly from a resurgence in housing.

Buffett himself may or may not be directly behind those new investments. Berkshire began buying those names in the first quarter, but was granted permission to withhold that information until now as it built its positions.

Opendoor now seeks a new CEO who can help utilize the company's large data assets and technology to benefit from any resurgence in housing. Investors today believe that the timing could be right.

Should you invest $1,000 in Opendoor Technologies right now?

Before you buy stock in Opendoor Technologies, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Opendoor Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $663,630!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,115,695!*

Now, it’s worth noting Stock Advisor’s total average return is 1,071% — a market-crushing outperformance compared to 185% for the S&P 500. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of August 13, 2025

Howard Smith has positions in Berkshire Hathaway and Nucor. The Motley Fool has positions in and recommends Berkshire Hathaway, D.R. Horton, and Lennar. The Motley Fool has a disclosure policy.