Opendoor Gets Russell Push, Key Test Nears
Opendoor Technologies shares traded near $5.37 in premarket Wednesday, down from Tuesday’s $5.41 close, after heavy volume driven by its upcoming Russell 3000 inclusion set for June 26. CEO Kaz Nejatian is urging shareholders to vote before the June 11 annual meeting, as proxy advisors recommended voting against his board seat. First-quarter revenue fell to $720 million, with a net loss of $173 million.