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Opendoor stock rocketed 60% higher on Thursday after the retail favorite named Shopify executive Kaz Nejatian as CEO and co-founder Keith Rabois as chairman.

The meme stock hit a 52-week high and continued a stunning run this year, with shares up more than 400% so far.

Former CEO Carrie Wheeler resigned last month following a pressure campaign from investors that included critical comments from Rabois and hedge fund manager Eric Jackson , who has been a key part of the stock's resurgence this year.

Jackson built a massive following on X in part due to his successful bet on Carvana , and then turned his attention to cheering a turnaround at Opendoor.

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