Opendoor Technologies Stock Surges Amid Meme Stock Rally and Retail Trading Frenzy

On July 22, 2025, Opendoor Technologies' shares experienced a significant surge, leading the revival of a meme stock rally. The stock showed volatile trading behavior throughout the day, including what was described as an "epic afternoon wipeout" during a wild roller-coaster trading session. This surge comes after renewed hype around Opendoor as a real estate stock attracting substantial market attention. The event involves active market participants reacting to Opendoor's stock movements, reflecting changes in sentiment and trading volume on this day.

Opendoor's stock price has increased by more than 115% due to a continued retail trading frenzy pushing shares higher. The surge in Opendoor shares follows a trend where traders are flocking to what is being termed as the newest meme stock. Within the last month, Opendoor's stock has risen approximately 160%, with market participants comparing its momentum and investor enthusiasm to that of Carvana, a similar company that saw substantial retail interest previously. This unusual trading activity is notable for the strong retail investor participation driving significant price gains over a short period.

On a recent trading day, Opendoor's stock price increased by more than 75%, fueled by a continued retail trading frenzy. The surge is associated with a sharp rise in daily trading volumes and the total monetary value exchanged, both of which reached record levels before two hours into the trading session. Notably, call option volumes for Opendoor hit 1 million for the first time ever, marking the fifth consecutive session of daily records. There has been an acceleration and upward migration in call options volumes, with significant demand for out-of-the-money call options nearing profitability. The most active contract traded was a call option with a strike price of $4.50 expiring on the approaching Friday, which had no prior open interest before that day. This influx of leveraged new bets is creating upward pressure on Opendoor's shares, suggesting a potential gamma squeeze dynamic. The company, previously about seven times larger in market scale in 2021, is the focus of this speculative retail trading activity, characteristic of a meme-stock driven rally.

Opendoor Technologies Inc., referenced by its stock ticker OPEN on Nasdaq, experienced another significant surge in its share price as part of a continued retail investor-driven rally. Over the recent trading period, OPEN shares increased by approximately 30%, adding to a meteoric rise driven primarily by retail buying interest. This trading frenzy has pushed the shares higher despite varying market opinions, positioning Opendoor as one of the latest 'meme stocks' benefiting from social media and online trading platform hype. The increase reflects intensified investor focus and heightened retail trading volume but specific dates, numeric price points, or additional financial metrics were not provided in the article.

At the start of a busy week dominated by Big Tech earnings reports, the Dow, S&P 500, and Nasdaq stock indices in the US inched higher. This market movement reflects cautious optimism as investors anticipate the earnings announcements of leading technology companies.

Separately, Opendoor Technologies Inc. (stock symbol: OPEN) has seen its stock price explode, rising 160% over the past month. This sharp increase has led to comparisons with Carvana, another company known for rapid stock appreciation. The reasons behind Opendoor's surge include company-specific developments and broader market interest, though detailed causes are not provided in the extracted content.

The information indicates a dual focus among investors on both the wider market's reaction to major tech earnings and the notable performance of Opendoor stock, signaling significant activity and interest in these areas during this trading period.

Opendoor Technologies, an online home flipping company, experienced a significant stock surge of 90% in five days, with shares reaching $1.73. This rally follows a post by Eric Jackson, founder of EMJ Capital, who disclosed his investment position and forecasted an $82 price target for Opendoor. Jackson characterized Opendoor as a deep value turnaround opportunity, citing its potential revenue growth from approximately $5 billion in 2024 to $12 billion by 2029, cost-cutting efforts, market leadership, and potential positive effects of interest rate cuts. He also advocated for management reforms and improved operational execution, suggesting the stock could return over 1,000%. Opendoor went public in 2020 via a SPAC led by Chamath Palihapitiya but has struggled post-pandemic with inventory write-downs and no annual profits, causing its shares to fall from a peak of $35 and a market cap over $15 billion. Recently, the company was warned by Nasdaq of possible delisting due to its share price staying below $1 for 30 consecutive days. To address this, Opendoor announced a special meeting in late June to discuss a reverse stock split between 1-for-10 and 1-for-50 to increase share value. The stock's trading volume surged to nearly 250 million from an average of 85 million over 90 days, with notable interest from retail investors, especially on forums like r/WallStreetBets prior to Jackson's post. Jackson has a previous successful bullish investment record, including Carvana's stock, which rose from $11 to over $350 after his endorsement.