Why is Opendoor's stock price surging?

Opendoor's stock price surge is primarily driven by **meme stock frenzy** and **retail speculation**, rather than fundamental improvements in the company's business. Here are the key reasons:

1. **Meme Stock Movement**: Opendoor has become a **meme stock**, surging 350% in the past month due to social media hype and retail investor enthusiasm. This is similar to the meme stock phenomenon that occurred in 2021, where stocks like GameStop and WallStreetBets saw significant price increases due to retail investors coordinating buying campaigns on platforms like Reddit.
2. **Influence of Hedge Fund Manager Eric Jackson**: Hedge fund manager Eric Jackson, who runs EMJ Capital Ltd., has been promoting Opendoor on social media as a potential "100-bagger." His bullish calls and predictions of profitability for Opendoor have likely contributed to the stock's surge. Jackson's past success in predicting stock price movements, such as with Carvana, has added to the momentum behind Opendoor.
3. **Cost Optimization Efforts**: Jackson has cited Opendoor's expense optimization efforts as a reason for the stock's potential upside. While these efforts are positive for the company's long-term prospects, they may not justify the current parabolic price movement. The market is currently reacting more to the speculative nature of the meme stock phenomenon than to any concrete improvements in Opendoor's financial performance.

In conclusion, Opendoor's stock price surge is primarily a result of **retail speculation and social media hype**, rather than fundamental improvements in the company's business. This makes the stock's recent performance more akin to a meme stock phenomenon than a solid investment opportunity based on financial health and growth prospects.

OPEN Percentage Change For Recent 2 Weeks Day By Day
|code|stock code|stock name|Last Price|Last Change|Percentage Change[20250721]|Percentage Change[20250722]|Percentage Change[20250723]|Percentage Change[20250724]|Percentage Change[20250725]|Percentage Change[20250728]|Percentage Change[20250729]|Percentage Change[20250730]|Percentage Change[20250731]|Percentage Change[20250801]|market_code|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|AIRE|AIRE.O|reAlpha Tech|0.3692|-0.832662|347.2105|-46.8048|-21.1062|26.977|-7.464700000000001|-0.6444|-10.9056|8.358|-7.364999999999999|-0.8326999999999999|186|
|PMN|PMN.O|ProMIS Neurosciences|0.7665|-0.59655|154.4876|-26.794600000000003|7.318|2.9662|8.8852|-8.758199999999999|-6.6659|0.5118|-8.6807|-0.5966|186|
|ZIMV|ZIMV.O|ZimVie|18.76|-0.159659|122.2749|-0.1599|0.267|-0.2662|-0.053399999999999996|0.5342|-0.0531|0.3721|-0.4767|-0.15969999999999998|185|
|DFLI|DFLI.O|Dragonfly Energy|0.2618|5.906149|56.764700000000005|95.122|-21.8077|-10.157399999999999|12.0175|-9.5552|3.5936000000000003|-33.881099999999996|-2.4852|5.9061|186|
|FGF|FGF.O|Fundamental|38.3|84.22318399999999|52.0652|-5.2538|-20.5206|-6.6374|3.0932999999999997|8.752500000000001|-2.4711|-13.714599999999999|12.015099999999999|84.22319999999999|185|
|ATNF|ATNF.O|180 Life|3.54|7.926829000000001|49.4681|-21.3523|3.6199000000000003|-6.9869|40.8451|-3|10.6529|9.1615|-6.6856|7.9268|186|
|TNFA|TNFA.O|TNF Pharmaceuticals|0.101|-7.4243809999999995|47.8857|-17.3107|4.7664|17.752000000000002|-11.5152|7.0205|23.52|-19.0415|-12.72|-7.4244|186|
|LMFA|LMFA.O|Lm Funding America|1.99|-6.132075|46.7492|4.0084|-20.0811|-21.573600000000003|-5.8252|-30.5842|0.4951|1.4778|2.9126|-6.1321|186|
|OPAD|OPAD.N|Offerpad Solutions|1.22|-1.612903|45.3271|-9.0032|-19.081300000000002|-15.2838|-7.216500000000001|-9.4444|-12.8834|-4.2254|-8.8235|-1.6129|169|
|OPEN|OPEN.O|Opendoor|2.1|14.130435|42.6667|-10.2804|-20.4861|5.6769|4.9587|-7.8740000000000006|-12.3932|0.9756|-11.1111|14.130400000000002|185|