In a statement Friday, Opendoor said that Chief Executive Carrie Wheeler, who also chaired the company’s board, was stepping down from her roles effective immediately. Shrisha Radhakrishna, the company’s chief technology and product officer, has been appointed president and interim leader.

Opendoor is surging again, adding to a streak of gains that kicked off this month following July's big rally. Here's what's driving the stock up.

Shares of Opendoor Technologies ( OPEN 18.97%) jumped on Monday, finishing the day up 18.5%. The spike comes as the S&P 500 and Nasdaq Composite both finished down 0.3%. The real estate technology company, which has recently become one of the newest meme stocks, is seeing shares recover after last week's poor earnings report.