Hedge fund supervisor Eric Jackson targets Canadian rapper Drake as a catalyst for Opendoor Applied sciences Inc. OPEN. Jackson filmed promotional movies outdoors Drake’s Toronto house, urging superstar funding within the “OPEN Military.”
Take a look at how OPEN inventory is buying and selling right here.
“He began from the underside – effectively, so did we,” Jackson posted on August 1. At Friday’s Unbiased Investor Summit, Jackson confirmed Drake’s representatives indicated the rapper “likes the corporate.”
Administration Transformation Drives Rally
In accordance with a Enterprise Insider report, the Californian digital actual property skilled a 1,500% summer season rally following Jackson’s X thesis. Shares surged after asserting former Shopify Inc. SHOP Chief Working Officer Kaz Nejatian as CEO, with co-founders Keith Rabois and Eric Wu returning to board.
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“The administration query has been resolved,” Jackson beforehand said. Rabois assumes chairman function in “FounderMode” transition.
Retail Military Mobilizes
Jackson’s marketing campaign gained sturdy assist from retail buyers. Scott Findlay, an investor, described Drake’s technique as “hands-on, grassroots advertising” geared toward reaching unconventional audiences.
Bull Case Emerges
Jackson describes OPEN because the “Amazon AMZN of housing,” aiming to streamline the shopping for and promoting course of. He additionally highlighted dangers like extended excessive rates of interest and worries about profitability, even after the corporate posted its first constructive earnings earlier than curiosity, taxes, depreciation, and amortization in three years.
The true property innovator compares OPEN to Tesla Inc. TSLA and Palantir Applied sciences Inc. PLTR, highlighting their devoted buyer bases and give attention to addressing actual market calls for.
Inventory Efficiency Soars
In 2025, OPEN gained 466.88%. On September 11, the inventory reached a peak worth of $10.52 with a buying and selling quantity of 1.1 billion shares, considerably larger than the typical quantity of 344.10 million.
The property innovator has an annual worth vary of $0.51 to $10.70, with a market capitalization of $6.68 billion.
Value Motion: Opendoor noticed a dip of 13.78% and closed at $9.07 on Friday, in response to Benzinga Professional knowledge.
With a robust momentum within the 99th percentile, Benzinga’s Edge Inventory Rankings present that OPEN is experiencing a constructive worth pattern throughout all time frames. See how its momentum compares to different well-known shares.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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