Opendoor shares rallied on Wednesday after the company disclosed plans to expand services across the U.S. in the coming weeks, according to Benzinga. Opendoor said in an SEC filing it plans to roll out services like cash home purchases, “Cash Plus” selling options, and agent partnerships across the U.S. in the coming weeks. The company did not provide additional details. The announcement coincided with new leadership, Fed cut optimism, and a rally boosted by high short interest. In the same SEC filing, Opendoor said it will use its website, press releases, blogs, community hub, social media, and CEO Kaz Nejatian’s X account to disclose material information directly to retail investors. Nejatian confirmed the move, saying the company cut ties with external PR firms to ensure communication comes directly from its leaders. Shares have surged more than 750% over the past six months, according to Benzinga Pro.
