Opendoor Stock Soars 9.17% on Meme Stock Mania

Opendoor's stock price surged by 9.17% in pre-market trading on July 24, 2025, marking a significant rise that has caught the attention of investors and analysts alike.

Opendoor's recent surge in stock price has been attributed to a resurgence in meme stock mania, driven by the influence of Reddit's WallStreetBets community. This phenomenon has led to a 500% increase in the company's share value over the past month, reflecting a broader trend of speculative trading in the market.

The rally in Opendoor's stock is part of a larger trend where meme stocks are experiencing gains in tandem with the broader stock market and cryptocurrencies. This trend is reminiscent of the market dynamics observed during the pandemic era, where social media-driven trading frenzies led to significant price movements in various stocks.