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Opendoor stock pops 10% as CEO resigns following investor pressure campaign

1. Opendoor shares rose 10% after CEO Carrie Wheeler's resignation. 2. Company saw recent retail investor interest amidst leadership pressure. 3. Opendoor's Q3 home acquisitions are projected to drop significantly. 4. CEO search underway, technology chief named interim leader. 5. Stock volatility highlights recovery post-99% value loss since 2021.

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FAQ

Why Bullish?

Wheeler's resignation and new leadership could invigorate investor sentiment, driving stock support.

How important is it?

Leadership changes often signal strategic shifts; hence, investor confidence can fluctuate significantly.

Why Short Term?

Immediate volatility likely due to new leadership; potential recovery depends on performance metrics.

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