What Happened? Shares of technology real estate company Opendoor (NASDAQ:OPEN) fell 23.5% in the afternoon session as the stock plunged after a recent, massive surge driven by social media hype and retail investor enthusiasm,

The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.

Penny stock iBuyer platform Opendoor saw its stock more than double on Monday, before giving up most of these gains in afternoon trading.

Opendoor Technologies' recent rally is driven by meme stock dynamics and short interest, not just fundamentals. Click here to find out why OPEN stock is a Hold.

Opendoor Technologies shares surged as much as 24% Tuesday before reversing early gains, as retail investors drove wild swings in the meme stock.

Hedge fund manager Eric Jackson suggests that Opendoor's stock price could increase one hundredfold to $82 per share.

The ticker $OPEN has been heavily cited on WallStreetBets, the online forum behind the infamous GameStop mania in 2021.

We recently published 10 Resilient Stocks Defying Market Sentiment. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of Monday’s biggest gainers. Opendoor Technologies soared for a sixth consecutive day on Monday,