Shares of Opendoor Technologies Inc (OPEN) surged 9.04% in Friday's pre-market trading, continuing its impressive rally amid a series of positive developments for the company. The real estate technology firm has been gaining significant attention from investors and traders alike, fueled by recent announcements and ongoing support from influential figures in the investment community.
A major catalyst for the stock's upward movement is the announcement that Binance, one of the world's largest cryptocurrency exchanges, will list OPEN on September 8, 2025. The listing will include trading pairs with USDT, USDC, BNB, FDUSD, and TRY. Additionally, Opendoor will be included in Binance's HODLer Airdrops program, potentially attracting more investors to the stock. This news has significantly boosted investor confidence and trading activity in OPEN shares.
The surge also builds on the stock's recent strong performance, with Opendoor shares closing at their highest level since August 15, 2022, in the previous session. The company has been gaining traction following a CEO change and plans to focus on artificial intelligence, which has resonated well with the market. Notable bull Eric Jackson has been actively championing the stock, describing it as "the number one cult stock worldwide." The high options activity for OPEN, with 75% being call options, further indicates strong bullish sentiment among traders. As Opendoor continues to make strategic moves and attract investor interest, market participants will be watching closely to see if this upward trend can be sustained in the coming trading sessions.