CEO Nejatian purchases 100K shares as stock trades well below 52-week highs amid unprofitable operations and revenue decline.
Nejatian Kasra, Opendoor's CEO, is buying into weakness with a substantial open-market purchase while the stock trades roughly halfway down from its 52-week high. This is his second open-market purchase in the past three years, but it arrives at a difficult time: the company is unprofitable with shrinking annual revenue and net losses widening in the latest quarter. The timing is notable because his only prior open-market purchase at this ticker, made six months ago, saw the stock decline meaningfully over both the following month and the longer three-month period, demonstrating poor near-term and longer-term timing on his last buy. Adding to holdings after a stock decline can reflect opportunistic accumulation, but it also puts a CEO back into the same pattern that hurt him before—buying shares that subsequently moved against him.