Shares of Opendoor Technologies Inc (NASDAQ:OPEN) surged 5.19% in Wednesday's intraday trading session, driven by a combination of positive factors. The real estate iBuying platform's stock gained momentum following CEO Kaz Nejatian's public support for President Donald Trump's proposed 50-year mortgage plan and his announcement of a significant personal investment in the company.

During an appearance on Fox Business' "Making Money," Nejatian expressed strong support for the administration's mortgage initiative, describing it as bullish for the real estate industry. He emphasized that the plan addresses student loan debt, a major obstacle for many potential homebuyers. "If you believe that America is better when people own their homes, it is incredibly important to try a lot of different things to get people into homes," Nejatian stated, praising the administration's innovative approach to improving housing access.

Adding to investor optimism, Nejatian recently announced plans to purchase $1 million worth of Opendoor shares, demonstrating confidence in the company's future. This announcement, coupled with JPMorgan analyst Dae Lee maintaining an Overweight rating and a price target of $8 for December 2026, has further fueled positive sentiment around the stock. Lee views the company's current reset as crucial preparation for long-term profitability under new management's volume-driven strategy.