Opendoor Technologies Stock Is Powering Higher: What's Behind the Gains?

Opendoor Technologies Inc (NASDAQ: OPEN ) shares are trading higher Wednesday as retail momentum around the real-estate technology company continued. Here’s what investors need to know. Opendoor Technologies shares are powering higher. What’s behind OPEN gains? Why Investors Are Watching OPEN Wednesday’s move higher adds to a recent run of bullish attention around Opendoor. The company was added to the Russell 3000 Index late last week, with inclusion effective as of the market close on June 26. Traders have also focused on CEO Kaz Nejatian’s highly performance-based compensation structure and bullish outside forecasts arguing Opendoor could benefit from a broader housing-market and real-estate technology turnaround. This aggressive pay structure aligns with a highly bullish thesis from EMJ Capital founder Eric Jackson, who labels Opendoor “real estate’s...