Opendoor Technologies Inc. (NASDAQ: OPEN) saw its shares surge 5.19% during Wednesday's intraday trading session, driven by positive sentiment following the company's CEO's recent statements and actions. The real estate iBuying platform's stock gained momentum after CEO Kaz Nejatian expressed strong support for President Donald Trump's proposed 50-year mortgage plan and announced a significant personal investment in the company.

During a Tuesday appearance on Fox Business' "Making Money," Nejatian endorsed 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 hurdle for many potential homeowners. Nejatian argued that extended mortgage terms would "allow people to get their foot in the door" of homeownership, despite criticism from some experts about the long-term costs of such loans.

Adding to the positive sentiment, Nejatian had earlier announced plans to purchase $1 million worth of Opendoor shares, stating that he and his family would buy stock on the first day regulations permitted. This personal investment, coupled with the company's recent third-quarter results, has bolstered investor confidence. JPMorgan analyst Dae Lee maintained an Overweight rating on the stock with a price target of $8 for December 2026, viewing the company's current strategy as preparation for long-term profitability under new management.