Kohl’s stock soars and Opendoor sees massive volume
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Meme stock mania returns
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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.
Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.
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Stocktwits on MSNCan Opendoor Stay In The Meme Stock Race? Retail Still Wants To Load Up On The Shares
Opendoor Technologies Inc. (OPEN) garnered attention this week after a wave of online hype propelled its stock significantly, only for the rally to quickly lose steam. Retail investors, enthused by Reddit and social media buzz,
Shares of Opendoor Technologies ( OPEN -10.44%) have caught fire in the last month. Driven by investors posting online about buying the penny stock, it is now up 325%, with most of the gains coming in the past week.
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Hedge fund manager Eric Jackson suggests that Opendoor's stock price could increase one hundredfold to $82 per share.
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Opendoor stock gains 42% in wild day after doubling early Monday as volatility triggers trading halt
Penny stock iBuyer platform Opendoor saw its stock more than double on Monday, before giving up most of these gains in afternoon trading.
The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.
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