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.

As of noon Wednesday, the price of Opendoor stock had fallen to $2.05. That’s a drop of nearly 50% in just a few hours of trading.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Shares of Opendoor Technologies Inc. (NASDAQ: OPEN) are trading higher Monday as the stock continues to ride momentum fueled by retail investor interest and broader sector movement.

Opendoor Technologies has recently gained favor as a meme stock and seen incredible valuation gains, but the company's share price is pulling back today as investors take profits on recent gains. Despite big sell-offs in today's session, the stock is still up 330% over the last month.

Digital real estate platform Opendoor Technologies (OPEN) has recently exploded in popularity among retail investors, as its stock has jumped by 180% over the past week. The surge came after a bullish X post on July 14 by Eric Jackson,

Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest beaten down companies to see a share price revival are Krispy Kreme, GoPro and Beyond Meat.