On July 1, Opendoor Technologies rose 8.87% in regular trading, trading at $5.047 per share, with turnover of $130 million.

On the news front, the company was officially added to the Russell 3000 Index following the annual reconstitution, which took effect after the market close on June 26. The inclusion triggers passive allocation demand from index-tracking funds, providing technical support for the stock price. Membership in the Russell 3000 typically implies inclusion in either the large-cap Russell 1000 or the small-cap Russell 2000, as well as relevant style indexes.

Simultaneously, the company announced on June 24 the closure of its India operations and a reduction of nearly 250 employees. CEO Nejatian, who joined from Shopify, outlined a strategy to rebuild Opendoor as a software and artificial intelligence enterprise focused on automation, a pivot that has drawn positive market reception. Alliance Global Partners previously initiated coverage with a Buy rating and an $8 price target, reflecting institutional confidence in the technology-driven transformation.

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