Opendoor Stock-Price Surge Reminiscent of GameStop Madness in 2021
A little-known stock pumped up by superfans on the internet might sound like the stuff of 2021, but this year has had its share of meme stock madness — and one stock in particular is in the spotlight.
In July, shares of a small internet real estate company surged unexpectedly. Opendoor Technologies had caught the attention of hedge fund manager Eric Jackson, renowned for his accurately optimistic call on Carvana stock in 2023.
The founder of EMJ Capital revealed a position in Opendoor, stating that he believed it had significant growth potential. Jackson’s post was like catnip for the retail trader crowd, with forums like Wall Street Bets and Stocktwits lighting up with mentions of the company.
Opendoor…
