Opendoor rebounds after a top holder continued dumping stock

Opendoor Technologies

24/09/2025 15:50

** Shares of online residential real estate firm Opendoor Technologies OPEN.O up 12.3% to $7.96 on Weds

** OPEN shares looking to snap a four-session skid, shedding about 31% along the way

** Access Industries sold ~13.7 mln shares on Tues generating about $97 mln, filing shows

** The investment firm run by Ukrainian-born billionaire Len Blavatnik offloaded $95 mln of stock on Mon, and has now dumped nearly $300 mln worth of OPEN stock this month

** With this divestment, Access now owns 17.6 mln shares and is the fourth largest holder with a 2.38% stake, per the 13D filing

** Per LSEG data, the top investors include new CEO Kaz Nejatian (83.35 mln shares), index fund giant Vanguard (66.28 mln), hedge fund Two Sigma Investments (24 mln) and mutual fund heavyweight T. Rowe Price (16.37 mln)

    ** With move on the session, OPEN shares up nearly 80% this month. The meme darling's stock ended Jun at 53 cents

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com ; 1-646-279-6380))