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Opendoor’s Stock Is Exploding… But Something Feels Off
So… Opendoor Technologies (OPEN). Yeah, it’s back in the headlines—and not for crashing this time. The stock is absolutely ripping — up around 30% pre-market, and it’s surged nearly 180% in just a week. Monday alone? It almost doubled.
That’s not normal. That’s meme-stock territory.
It’s kind of wild. A few months ago, most folks had written it off. Too risky. Too broken. But now? People are throwing around words like “comeback” and even “the next Carvana.” I mean… okay. Let’s slow down.
This latest jump—it’s mostly retail-driven. You’ve got Reddit buzzing, Twitter (or X, whatever) going nuts, and some investors hyping it up hard. One hedge fund guy even said something like it could hit $80 one day. Sure. Maybe. But maybe not.
Because here’s the thing: the business hasn’t really changed.
They’re still losing money. The housing market is still weird. Mortgage rates are high. People aren’t buying and selling homes like they used to. And Opendoor, at its core, is a house-flipping tech company. So if the market’s soft… that’s a problem.
And yeah, there’s a lot of short interest. That explains the squeeze. People betting against it are getting burned, and the momentum traders are having a field day. But is that a reason to believe in the company long-term? I don’t know. Doesn’t feel like it.
Honestly, this feels like one of those runs where you blink and it’s over. I’ve seen it before. It gets loud, then it gets quiet real fast.
So if you’re thinking of buying in now? Just… be careful. Could keep running. Could crash by Monday. Who knows.
