Wu Eric Chung-Wei

Director Wu Eric Chung-Wei buys 300,752 shares of OPEN at $6.65 for $2,000,000.80; shares +79.0% in 30 days.

Wu Eric Chung-Wei, a Director, purchased 300,752 shares of OPEN at $6.65 on 2025-09-26 for $2,000,000.80, a substantial open-market commitment that increased his holdings by 18.2% to 1,950,636 shares. The stock has rallied +79.0% in the 30 days post-transaction, demonstrating strong near-term momentum. At the same ticker, Wu's prior buy on 2025-09-11 remains unmeasurable (outcome not yet determined), while his 4 prior sales over 2023 showed mixed timing—3 of 4 were well-timed on a 90-day basis, with negative average 90-day returns of -12.6% to -41.7%. The current purchase reflects substantial capital commitment by a director during a period of significant price appreciation, though the company remains unprofitable with $-29,000,000.00 net income in the latest quarter and annual revenue growth of -25.8%.

Director Eric Wu buys 451,127 shares of Opendoor (OPEN) for $3.0M at $6.65; stock up +199.6% in 30 days but down -25.8% annually.

Director Eric Chung-Wei Wu purchased 451,127 shares (451.1K shares) for $2,999,994.55 on 2025-09-11 at $6.65, increasing his holdings by +37.6% to 1,649,884 shares (1.65M shares). The purchase follows a period of extraordinary volatility: the stock is up +199.6% over 30 days and +1573.6% over 90 days from the transaction date, yet is currently -9.7% below its 52-week high of $10.18. Wu's prior same-ticker history at OPEN shows 4 consecutive sells in 2023, with mixed timing—3 of 4 were well-timed at the 90-day mark, suggesting some pattern recognition. However, fundamentals remain weak: the company posted a net loss of $-29.0M in the latest quarter and annual revenue declined -25.8% year-over-year, despite $1.6B in quarterly revenue. The buy-after-sales pattern and the extreme recent rally create a mixed signal—the purchase could reflect confidence at a lower price point, but the underlying business trend and the dramatic run-up both warrant attention to whether this transaction represents conviction or reaction to near-term momentum.