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Opendoor Stock Surges Nearly 10% Following Pompliano Investment
Opendoor Stock Surges Nearly 10% Following Pompliano Investment
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BTCCSquare news:
Opendoor Technologies Inc., the $1.8 billion digital real estate platform, saw its shares jump 9.78% over two days after Anthony Pompliano disclosed his stake. The ProCap Acquisition Corp. CEO announced the MOVE on X, stating, "I have personally purchased shares in $OPEN today." Pompliano emphasized retail investors' role in driving growth and attention, though he cautioned about volatility.
The stock has rallied 175% in the past month, fueled by a July meme-stock frenzy sparked by hedge fund manager Eric Jackson. Opendoor's iBuying model, which streamlines home transactions, has drawn renewed interest despite earlier struggles with interest rates and Nasdaq delisting risks.
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