Opendoor Stock Extends Gains, Rises Over 3% In After-Hours Session

Opendoor Technologies Inc. (NASDAQ:OPEN) stock is trending on Friday.

Check out the current price of OPEN stock here. 

After-Hours Climb

According to the Benzinga Pro data, the San Francisco-based company climbed 3.74% to $4.43 in after-hours trading on Thursday following significant insider buying activity and continued momentum from Federal Reserve rate cut speculation.

Insider Buying Signals Confidence

Company President Shrisha Radhakrishna purchased 30,000 shares of OPEN stock on Thursday, at prices of $4.27 and $4.42 per share, according to SEC Form 4 filings. The $128,120 open market purchase brings his total holdings to 4.28 million shares.

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The timing aligns with Radhakrishna’s recent promotion to interim principal executive officer on August 15. His compensation package ...