Opendoor, Kohl's and Meme
Digest more
StockStory.org on MSN1h
Why Opendoor (OPEN) Shares Are Plunging TodayShares of technology real estate company Opendoor (NASDAQ:OPEN) fell 23.5% in the afternoon session as the stock plunged after a recent, massive surge driven by social media hype and retail investor enthusiasm,
Opendoor Technologies stock has seen incredible gains recently, but the rally is losing some steam today. The company's valuation surge was driven by backing from a hedge fund manager and meme-stock momentum,
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.
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.
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.
Explore more
Opendoor Technologies Inc.'s stock soared 470%, driven by hype, not fundamentals. Click for our take on OPEN stock and whether we think it is a good investment.
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.
The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.