Opendoor Technologies: Can This Sub-$2 Stock Keep Soaring After a 43% Rally?
Wall Street's latest rollercoaster: Opendoor Technologies just ripped 43% higher while trading under $2. The iBuyer's wild ride has traders scrambling—but is this a dead cat bounce or the real deal?
When penny stocks catch fire
Nobody puts meme stocks in the corner—especially when they're flirting with delisting territory. Opendoor's surge proves even battered proptech plays can get their day in the sun (until the next earnings report, anyway).
Buyers beware
That 43% pop looks juicy until you remember this is the same stock that's bled 80%+ from its pandemic highs. The housing market's on shaky ground, and Opendoor's algorithm-driven flipping model hasn't exactly been printing money lately.
Bottom line: This smells like a classic 'dumb money' rally—the kind where hedge funds quietly unload bags onto Robinhood traders chasing green candles. But hey, at least it's more exciting than watching paint dry on your Zillow listing.
Opendoor Technologies: The Reason Behind Its Major 43% Stock Rally
Opendoor Technologies had largely been touted as dead stock before its resurgence back into the mainstream a few days ago. The firm is now gaining immense traction as of late, as retail hype and mania compelled the OPEN stock to surge 43% in a short span of time. The firm is involved in the buying and selling of residential real estate and has risen dramatically due to the unique meme mania that has impacted the token recently.
The development took center stage at Reddit, where a post titled “Opendoor is the next Carvana” went viral, inciting user frenzy and mayhem. One of the users on Reddit stated how he has already bet $155,000 on OPEN, stating how he believes the firm, if it ends up changing its business format, can do a lot better than mainstream stocks out there.
In addition to this, recent comments made by Eric Jackson of EMJ Capital have also impacted OPEN stock significantly. Jackson took to X to share how he will “saddle” up for OPEN, fueling massive interest in the stock:
The Future of This Stock?
Per CoinCodex, Opendoor Technologies is currently eyeing the $1.56 price mark by the end of August 2025.
