Opendoor, Parabolic Move
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Key Points Opendoor has become the latest "meme stock," with its rally heavily influenced by retail investor enthusiasm.Despite the recent positive momentum in share price, the company faces substantial financial challenges,
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Opendoor Technologies shares surged as much as 24% Tuesday before reversing early gains, as retail investors drove wild swings in the meme stock.
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.
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We recently published 10 Resilient Stocks Defying Market Sentiment. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of Monday’s biggest gainers. Opendoor Technologies soared for a sixth consecutive day on Monday,
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Penny stock iBuyer platform Opendoor saw its stock more than double on Monday, before giving up most of these gains in afternoon trading.
Opendoor Technologies (NASDAQ: OPEN) shares declined 10.28% Tuesday, closing at $2.88 amid extraordinary volatility that triggered a temporary trading halt midday. The stock faced significant selling pressure after Monday's dramatic 95% surge.