Not sure what this stock is about but lemme do a Google search.
Opendoor is the hot new meme stock. Here's what to know. Reddit's army of retail traders have taken a recent interest in Opendoor, an online real estate startup.
The social media platform's army of retail traders have taken a recent interest in the online real estate startup. Its share price rose 74% since Friday, surging more than 50% on Monday alone. While it has rebounded slightly since yesterday's height, its shares are still up fivefold since July 1. Up until then, Opendoor was considered to be a penny stock, trading around $1 since the year's start, having plunged 100% in value since its 2021 highs.
IMHO, it's another memestock like $GameStop(GME)$ , not for the faint of heart. I'd stay out of it.
Comments