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BTCC / BTCC Square / Global Cryptocurrency /
Opendoor Technologies Stock Surges Amid Meme Stock Revival and Earnings Anticipation

Opendoor Technologies Stock Surges Amid Meme Stock Revival and Earnings Anticipation

Author:
Global Cryptocurrency
Published:
2025-08-04 20:42:02
11
1
BTCCSquare news:

Opendoor Technologies (OPEN) shares climbed 15.7% by midday, extending gains for a second consecutive session. The rally appears driven by renewed meme-stock interest following a soft jobs report and speculative call-buying ahead of tomorrow's Q2 earnings. Market participants are betting that potential Fed rate cuts could ease pressure on the struggling iBuyer's housing-flip model.

The stock's July meme-fueled surge echoes the GameStop phenomenon, though Opendoor's fundamentals remain contentious. While retreating competitors like Zillow Offer and RedfinNow leave room for market share gains, skeptics question whether algorithmic home-flipping can achieve sustainable margins in today's sluggish real estate market.

|Square

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