Shares of Opendoor Technologies (NASDAQ: OPEN) spiked 42% on Monday to close at $3.21, with the momentum carrying into Tuesday's pre-market session, where the stock surged another 11.21% to $3.57.
Opendoor Technologies Inc. stock's recent 400% surge is driven by meme-stock hype and short squeeze dynamics, not by fundamental improvements in the business. The company remains highly leveraged, unprofitable, and exposed to real estate market risks, despite operational progress and cost controls. Upcoming earnings on August 5 could fuel further volatility; a strong report may trigger another rally, while disappointment could crash the stock.
In the span of about a week, Opendoor Technologies Inc. has gone from a struggling former pandemic-era darling to the talk of the U.S. equity market.
Watch out, AMC. There's a new meme stock on the market.
Shares have nearly tripled in value over the past week.
Shares of Opendoor Technologies Inc (NASDAQ: OPEN) soared more than 85% on Monday as a wave of retail investor enthusiasm sent the stock to its highest level in over a year, reviving memories of the GameStop Corp (NYSE:GME) trading mania of 2021. The online real estate platform's stock has jumped 188% over the past week, rising from just above $0.50 in late June to $4.22 at midday Monday.
Key Points in This Article: Opendoor (OPEN) surged 163% in a week and 262% in a month, driven by retail frenzy and a hedge fund's 1,000% gain prediction, despite its risky iBuying model and heavy debt load.
Is it a legit run? A passing fad?
Opendoor Technologies Inc. (NASDAQ:OPEN ) Q1 2025 Earnings Conference Call May 6, 2025 5:00 PM ET Company Participants Kimberly Niehaus - Investor Relations Carrie Wheeler - Chief Executive Officer Selim Freiha - Chief Financial Officer Conference Call Participants Dae Lee - J.P. Morgan Ygal Arounian - Citigroup Ryan Tomasello - KBW Benjamin Black - Deutsche Bank Operator Good day.
Opendoor Technologies Inc. (OPEN) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.12 per share a year ago.
Opendoor (OPEN -1.70%) was one of the most prominent companies to go public in the 2020-2021 SPAC boom, but the business couldn't live up to the hype once interest rates started rising. In this video, longtime Fool.com contributors Matt Frankel and Tyler Crowe take a closer look at Opendoor's latest results and what could be in store for 2025.
Shares of the online housing brokerage Opendoor Technologies (OPEN -4.91%) plunged 23% this week, according to data compiled by S&P Global Market Intelligence, after the latest data showed that housing sales slowed to their lowest pace since 2009.