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,

The market saw a fresh meme stock frenzy this week. While high exuberance can be a contrarian sell signal, sources say the market is still in good shape.

Riding a fresh wave of meme stock mania, Opendoor Technologies Inc. (NASDAQ: OPEN) stock surged 4.55% in after-hours trading on July 24.

Meme stocks are typically those that see significant jumps in trading volumes and stock prices, driven by a mix of social media hype, short squeezes, and technical breakouts, despite little to no change in the underlying business fundamentals.

Meme stocks are back in 2025, fueled by Reddit, AI, and retail hype. This deep dive explains why it’s happening again, what’s different, and why the rallies never last.

Despite the enthusiasm, Opendoor has significant financial troubles. The company's top line has plummeted from its height in 2022. The company's current annual run rate is well under a third of its 2022 sales. Opendoor has also never turned a profit and has significant negative cash flow.

Krispy Kreme (DNUT), Opendoor (OPEN), Rocket Mortgage (RKT) and Kohl’s (KSS) had become the meme stocks of the moment, along with a new moniker from traders — “DORK,” a reference to the first letters of their tickers.

Opendoor Technologies stock looked set to extend its stellar recent run on Tuesday—but investors should be careful not to get burned.

Investors are piling into Opendoor, driving up the stock price of this small-cap company with high short interest. Some are calling it the next 100-bagger in the making. Where to invest $1,000 right now?

Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.