OpenDoor, Krispy Kreme and meme
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Opendoor (OPEN) has become the latest meme stock phenomenon, surging 350% in the past month and 100% since hedge fund manager Eric Jackson began promoting it on social media as a potential “100-bagger.
A Meme Stock Rollercoaster Opendoor Technologies (NASDAQ:OPEN) is surging 25% in morning trading today, reigniting excitement among retail investors who have crowned it a meme stock darling. Fueled by social media hype on platforms like Reddit’s WallStreetBets and X,
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Even as Opendoor and Kohl’s stalled, two other stocks were taking up the meme-trade mantle on Wednesday. Shares in doughnut chain Krispy Kreme surged 20% ahead of the opening bell, and mortgage lender Rocket jumped 14%. Both have significant short interest and have drawn interest on WallStreetBets in recent days.
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.
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Opendoor has become the latest "meme stock," with its rally heavily influenced by retail investor enthusiasm. Shares of Opendoor Technologies (NASDAQ: OPEN) are falling on Tuesday, down 6% as of 3:03 p.
Opendoor Technologies' recent rally is driven by meme stock dynamics and short interest, not just fundamentals. Click here to find out why OPEN stock is a Hold.
Opendoor has a new offering it thinks will help entice more home sellers to the platform amid Reddit-fueled stock volatility.
Key Points Opendoor's stock is soaring because of active online traders. It is still unprofitable with a tough business model. Investors would be smart to stay away from Opendoor stock right now. 10 stocks we like better than Opendoor Technologies › Shares of Opendoor Technologies (NASDAQ: OPEN) have caught fire in the last month.
Opendoor's weak fundamentals, fierce competition, and sluggish housing trends pose risks despite meme stock momentum. Learn more about OPEN stock here.