Opendoor, Carvana and Stock Surges
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Despite that history, the real estate stock caught fire in recent weeks, seemingly as part of a meme stock boom, as chatter around the stock has increased on Reddit's WallStreetBets Page and X.com. Remarkably, the stock is up 160%, even though there have been no noteworthy changes in the company's fundamental business.
Let’s talk about Opendoor (OPEN) stock – because it just staged one of the most furious rallies I’ve seen in my career as a market analyst. The iBuyer surged from about $0.50 in late June to nearly $5 yesterday.
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A company that lets homeowners quickly sell their homes has been the focus of frenzied stock trading over the last several days.
Hedge fund manager Eric Jackson suggests that Opendoor's stock price could increase one hundredfold to $82 per share.
Opendoor stock gains 42% in wild day after doubling early Monday as volatility triggers trading halt
Penny stock iBroker platform Opendoor's share price rose by 24% in pre-market trading Monday morning, continuing last week gains of 188%.
Opendoor Technologies Inc.'s stock soared 470%, driven by hype, not fundamentals. Click for our take on OPEN stock and whether we think it is a good investment.
Trump Media rose in premarket trading on Tuesday after the company announced it had accumulated $2 billion in bitcoin and related assets.
Shares of Opendoor Technologies Inc. (NASDAQ: OPEN) are trading higher Monday as the stock continues to ride momentum fueled by retail investor interest and broader sector movement.
Eric Jackson has been posting obsessively about Opendoor as part of an effort to spark a rally in shares of the online real estate service.