NEW YORK, July 5, 2026, 10:05 (EDT)
- Opendoor Technologies Inc. NASDAQ:OPEN gained 12.1% in the first four sessions after its addition to the Russell 3000 took effect.
- Volume between June 29 and July 2 came in at 348.4 million shares, or about 43% of the public float.
- U.S. markets were closed Friday for Independence Day. Trading is set to resume Monday.
- This week the market will see if the index bid holds up after the first round of flows.
Opendoor Technologies Inc. NASDAQ:OPEN goes into Monday with maybe the simplest trade read after a holiday-shortened week. Shares jumped 12.1% in four sessions after the Russell 3000 inclusion took effect. Volume came in at about 43% of public float. The index move gave the stock a boost, but there was selling around $5 and heavy churn on the tape.
U.S. stock markets did not open Friday, July 3, for the Independence Day holiday. Nasdaq marks July 3 as a trading holiday in 2026, with its usual cash trading hours posted as 9:30 a.m. to 4:00 p.m. Eastern, Monday to Friday.
Opendoor said May 27 it was picked for the Russell 3000 Index, with the move set for after the U.S. market closed June 26. According to LSEG’s FTSE Russell, the new index lineup was also effective after that close, so June 29 was the first trading day with the new members.
| Session | OPEN close | Daily move | Volume |
|---|---|---|---|
| June 26, 2026 | $4.37 | up 1.63% | 171.65 mln |
| June 29, 2026 | $4.60 | up 5.26% | 78.32 mln |
| June 30, 2026 | $4.62 | added 0.43% | 80.82 mln |
| July 1, 2026 | $4.94 | jumped 6.93% | 99.25 mln |
| July 2, 2026 | $4.90 | fell 0.81% | 90.05 mln |
Opendoor closed at $4.37 on June 26, the day of reconstitution. By Thursday, shares finished at $4.90. That’s a 12.1% gain over the first four days of trading as an index member, according to Investing.com data.
| Measure, week ended July 2 | Move |
|---|---|
| Opendoor shares from June 26 close through July 2 | +12.1% |
| Nasdaq Composite Index | +2.1% |
| S&P 500 Index | +1.8% |
| Dow Jones Industrial Average Index | +2.0% |
| Russell 2000 Index | -0.5% |
Small caps lagged again. The Russell 2000 slipped 0.5% on the week. The Nasdaq added 2.1% and the S&P 500 gained 1.8%, according to AP data.
Why it matters: This wasn’t just a jump in price. In the four sessions after the add, Opendoor traded 348.4 million shares. MarketWatch puts public float at 806.03 million, average daily volume at 41.99 million, short interest at 153.72 million shares, or 19.07% of float. The average volume across those four days was 87.1 million, roughly double the usual.
The Russell reset was set to bring big volume across U.S. stocks. Jefferies analyst Steven DeSanctis told Reuters the rebalancing could be a “really massive trade,” saying “the turnover is dramatic.” Stephens’ Melissa Roberts said the day was a “key liquidity day.” Reuters
OPEN didn’t close at the day’s best level. Shares moved between $4.75 and $5.17 on Thursday, ending at $4.90. Last trade after the bell was $4.87. That leaves Monday’s first levels: $5.17 for the recent high, $4.75 for the low.
Opendoor is still in the middle of a turnaround, not a straightforward earnings story. The company posted Q1 revenue of $720 million, falling from $1.153 billion last year. Net loss widened to $173 million compared with $85 million a year ago. Inventory dropped to $1.139 billion from $2.362 billion. Opendoor expects about 25% revenue growth quarter-over-quarter in Q2 and adjusted EBITDA near breakeven. “The machine is working,” CEO Kaz Nejatian said. Opendoor Technologies Inc.
The company’s operating dashboard showed weekly acquisition contracts up 1% from the previous week as of June 27. The dashboard, which is “typically updated weekly,” said the numbers are estimates based on assumptions and weren’t audited by Deloitte & Touche. Opendoor
Monday’s test is tight. A dip in volume with the stock holding above $4.75 would suggest the Russell addition set up a support level. Bulls need to clear $5.17 to break last week’s top. If it slips back under $4.75, most of week one looks like index-driven action.
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