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Opendoor's New CEO Boosts Stock
And, Avalanche's Toyota partnership.
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Today is Thursday, September 11, 2025.
The Early Bird Index today is 92.59
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Opendoor's New CEO Boosts Stock
The online real estate company Opendoor Technologies $OPEN ( ▼ 4.09% ) surged 39.59% in after-hours trading on Wednesday after a leadership shake-up.
Details: Opendoor appointed Kaz Nejatian, currently the chief operating officer of Shopify $SHOP ( ▼ 0.86% ) , as its new chief executive officer on Wednesday. The company praised Nejatian as an artificial intelligence-native executive.
Quote: “He is a decisive leader who has driven product innovation at scale, ruthlessly reduced G&A expenses to drive profitability and deeply understands the potential for AI to radically reshape a company’s entire operations.” - Keith Rabois, Chairman.
Background: Carrie Wheeler stepped down from the CEO role in August amid pressure from investors who were not happy about the direction of the company.
Stock Price: Despite company problems, Opendoor is up 268% (wow!) this year, becoming a trending “meme stock” over the summer for retail investors.
Early Bird’s Nest Egg Gains: Opendoor retains its meme stock status today due to its heavy retail-driven volatility, social media-fueled rallies, and ongoing speculative trading, even as it simultaneously shows some improving fundamentals.
Final Thoughts: Let’s hope the new CEO can help the company.
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Notables
Notable Earnings Today: Adobe (Nasdaq: ADBE), Kroger (NYSE: KR), Lovesac (Nasdaq: LOVE), Farmer Brothers Coffee (Nasdaq: FARM), Hooker Furnishings (Nasdaq: HOFT), Kalvista Pharmaceuticals (Nasdaq: KALV), Kestra Medical Technologies (Nasdaq: KMTS), RF Industries (Nasdaq: RFIL), Vera Bradley (Nasdaq: VRA).
Notable IPOs Today: Angel Studios, Inc. (NYSE: ANGX), Figure Technology Solutions, Inc. Class A Common Stock (Nasdaq: FIGR), LB Pharmaceuticals Inc Common Stock (Nasdaq: LBRX).
Notable Equity Crowdfunding Campaigns Ending Today: Electric Bike Company (StartEngine).
Notable Economic Events Today: Jobless Claims (8:30 a.m. ET), Consumer Price Index / Core CPI (8:30 a.m. ET), Federal Budget Balance (2:00 p.m. ET), Fed's Balance Sheet (4:30 p.m. ET).
Avalanche's Toyota Partnership
The price of the cryptocurrency Avalanche $AVAX.X ( ▲ 11.82% ) jumped about 10% on Wednesday.
Powering the Story: Investors are bullish on Avalanche following a previously announced partnership with the Toyota Motor $TM ( ▼ 1.7% ) Blockchain Lab. The partnership aims to transform the mobility sector.
Final Thoughts: Avalanche is up about 24% in the last 30 days.
Klarna's Strong Trading Debut
Fintech company Klarna Group $KLAR ( ▲ 14.55% ) debuted in the public markets on Wednesday, surging 15% during the day and slipping 1.37% in after-hours trading.
Details: Klarna, which offers “buy now, pay later” financial services, raised $1.37 billion in its IPO.
Final Thoughts: This is one of several tech IPOs this year that drew a lot of attention.
Trends to Watch
Agreement: Boeing and Union for 3,200 Striking Workers Reach New Proposed Deal (New York Times)
End of the Road: Used-car retailer and subprime lender Tricolor files for Chapter 7 bankruptcy (Automotive News)
This Usually Doesn’t Happen: Ethereum Rare Mass Slashing Event Linked To Operator Issues (CoinDesk)
Where the Economy Stands: Cooler US producer inflation hints at softening demand (Reuters)
Ambitious: The CEO Who Wants to Double the Size of His Bank to $1 Trillion (Wall Street Journal)
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