Meme Stock Mania Returns: Opendoor Surges Amid Retail Trading Frenzy

Opendoor stock surge 2025

The world of retail investing has been shaken once again as Opendoor Technologies experiences a sudden and dramatic rise in its stock price. Over the past week, shares of Opendoor have surged nearly 90%, thanks to renewed interest from online communities and a frenzy of retail trading activity.

Opendoor, which many investors had written off after a long decline, is now back in the spotlight. This unexpected comeback is drawing comparisons to the meme stock madness of early 2021, when companies like GameStop and AMC captured the imagination of individual traders and defied Wall Street expectations.

Opendoor’s Sudden Spike

After months of trading at low levels, Opendoor shares began to soar at the start of the week. By Wednesday, the stock had closed at $1.49 — still far below its all-time high of over $30 from 2021, but a major recovery nonetheless. The surge has largely been driven by activity on platforms such as Reddit and Stocktwits, where traders are once again sharing screenshots, strategies, and speculative predictions.

According to market data, page views related to Opendoor spiked by over 400% between Monday and Tuesday alone. This level of activity is a clear indication that retail interest in “story” stocks is not only alive but thriving.

Record Options Activity and Short Interest

One of the major catalysts behind the price movement is the volume of call options — contracts that allow investors to buy stock at a set price in the future. On Wednesday, more than 560,000 bullish options contracts tied to Opendoor were traded, setting a new record for the company.

This surge in options activity coincides with a high level of short interest in Opendoor. Over 25% of the company’s available shares are currently held by investors betting that the stock will fall. When interest is this high, even a small price increase can trigger a “short squeeze,” where short sellers rush to cover their positions, driving the price even higher.

Retail Traders Drive the Comeback

Tom Bruni of Stocktwits noted that this is classic meme stock behavior. Retail traders are once again leading the charge, looking for high-risk, high-reward opportunities. While attention has shifted away from earlier favorites like GameStop and AMC, the same formula is being applied to new names like Opendoor.

Adding further attention to the stock, Eric Jackson of EMJ Capital has gone on record with a bold prediction — suggesting that Opendoor could trade above $80 within the next two years. Whether this target proves realistic remains to be seen, but it has certainly fueled the excitement.

A Look at Opendoor’s Business Model

Opendoor operates in the real estate technology sector, providing a digital platform for buying and selling homes. The company gained early attention for offering homeowners an easier way to sell properties, but has struggled to reach profitability.

Since its public debut via SPAC in late 2020, Opendoor has posted consistent financial losses. However, optimism is growing that the company may benefit from a rebound in the housing market, especially if interest rates begin to decline.

Caution Still Advised

Despite the positive sentiment and upward momentum, analysts and observers caution that much of Opendoor’s rise is speculative. The current movement is being driven primarily by “hot money” and momentum trading, rather than clear changes in the company’s business fundamentals.

Opendoor is one of many speculative stocks showing unusual activity in 2025. The pattern is familiar: individual investors searching for the next big breakout opportunity — and willing to bet big on it.

Opendoor’s recent rally is a reminder that the meme stock trend is far from over. While the companies involved may change, the strategies and enthusiasm from retail investors remain constant. Whether Opendoor can deliver long-term results or not, it has already made a significant impact on the market conversation this year.

Opendoor stock is up nearly 90% in just a week as retail traders spark a new meme stock rally. Is it the next big thing or another speculative surge?
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