OPEN Stock Recent News

Signs of "irrational exuberance" are emerging in US stock markets as low-quality momentum stocks squeeze shorts and rampant short-term options trading proliferates.

The term "meme mania" emerged when companies with no apparent reason to rally began to reach stratospheric valuations, making millionaires overnight with no connection to their fundamentals. Four years later, this meme stock sentiment is starting to resurface.

A new wave of 'meme stocks' has apparently emerged, though some analysts said this was a product of summer stock market madness.  Retail-driven speculation has pushed shares of Opendoor Technologies Inc (NASDAQ:OPEN), Kohl's Corporation (NYSE:KSS), Krispy Kreme Doughnuts Inc (NASDAQ:DNUT) and GoPro Inc (NASDAQ:GPRO) higher, despite a near-total absence of corporate news.

Opendoor (OPEN -10.75%) stock has been soaring in recent days as investors rush to buy shares in this innovative company.

Reddit day traders have been piling into heavily-shorted stocks lately, in a rehash of 2021's GameStop craze.

Individual investors are flocking to social media to cheer on a new group of oddball stocks and squeeze the short sellers; ‘Let's goo!!' says Hot-Ticket9440.

Opendoor Technologies (OPEN -10.75%) shares declined 10.28% Tuesday, closing at $2.88 amid extraordinary volatility that triggered a temporary trading halt midday. The stock faced significant selling pressure after Monday's dramatic 95% surge.

Opendoor Technologies Inc. OPEN shares have strengthened as retail investors piled on to the meme stock, hoping for a recovery similar to Carvana Co. CVNA despite housing market headwinds. Is now a good time to invest in OPEN stock, and can it rebound like Carvana?

Shares of Opendoor Technologies (OPEN -10.75%) are falling on Tuesday, down 6% as of 3:03 p.m. ET and dipping as low as 16.8% earlier in the day.

Kohl's stock more than doubled at its intraday peak Tuesday, then pulled back, a day after Opendoor shares did the same.