Opendoor Stock Soars in Retail‑Led Meme Rally
Opendoor, the online home‑flipper, has erupted this week, with its OPEN stock skyrocketing nearly 90% since July 15, trading around $2.70 this morning. The surge is driven by a wave of retail traders on platforms like Reddit’s r/WallStreetBets and StockTwits, responding to a bullish thesis shared by EMJ Capital’s Eric Jackson, who pegged the stock as a potential ‘100‑bagger.’ Call‑option volumes and trading activity have hit record highs, echoing the meme‑stock mania seen in 2021. This momentum lift follows months of decline, in which Opendoor Technologies flirted with delisting and weighed a reverse stock split to stay on Nasdaq. While retail interest is propelling opendoor stock higher, institutional players remain skeptical, citing challenges in the sluggish housing market and Opendoor’s unprofitable model
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