Kohl’s stock soars and Opendoor sees massive volume
Digest more
Meme stock mania returns
Digest more
Opendoor Technologies has recently gained favor as a meme stock and seen incredible valuation gains, but the company's share price is pulling back today as investors take profits on recent gains. Despite big sell-offs in today's session, the stock is still up 330% over the last month.
Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.
Opendoor was on the brink of delisting. A bullish hedge fund manager and a flock of retail investors looking for the next short squeeze have spurred a rally.
A Meteoric Surge Ignites Hype Opendoor Technologies (NASDAQ:OPEN) is on fire, skyrocketing 75% in midday trading Monday, after a jaw-dropping 188% gain last week, lifting its stock to $3.94 per share.
Explore more
Hedge fund manager Eric Jackson suggests that Opendoor's stock price could increase one hundredfold to $82 per share.
Shares of Opendoor Technologies ( OPEN -10.44%) have caught fire in the last month. Driven by investors posting online about buying the penny stock, it is now up 325%, with most of the gains coming in the past week.
2don MSN
Penny stock iBuyer platform Opendoor saw its stock more than double on Monday, before giving up most of these gains in afternoon trading.
The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.