Kohl’s stock soars and Opendoor sees massive volume
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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.
The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.
Hedge fund manager Eric Jackson suggests that Opendoor's stock price could increase one hundredfold to $82 per share.
Opendoor Technologies shares surged as much as 24% Tuesday before reversing early gains, as retail investors drove wild swings in the meme stock.
Opendoor stock gains 42% in wild day after doubling early Monday as volatility triggers trading halt
Penny stock iBroker platform Opendoor's share price rose by 24% in pre-market trading Monday morning, continuing last week gains of 188%.
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A flawed business model should keep investors away from this stock.
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