Knock Knock, It’s Opendoor—and It’s Blowing Off the Hinges
Retail investors ignite a new meme stock rally, propelling Opendoor to multi-month highs as short sellers scramble.

Opendoor Technologies is once again at the center of a retail trading whirlwind, and the numbers are staggering. The company’s stock surged more than 30% in early trading on Monday, piling on top of an 188% gain from the previous week. What started as a struggling iBroker platform on life support just a few months ago has transformed into the latest darling of speculative retail traders. Shares of Opendoor, once trading below $0.50, now sit above $4 as of late morning, marking a near 800% increase in less than a month.
Retail traders, fueled by meme stock enthusiasm and high-stakes short interest, have reignited a GameStop-style movement. Activity on Reddit’s infamous WallStreetBets forum has exploded, with thousands of posts detailing bullish plays on Opendoor. Many cite similarities to 2021’s short squeezes, comparing the stock’s setup to past runs in GameStop and AMC. But Opendoor’s recent gains are not merely the product of online hype—they come amid a resurgence in speculative trading that’s swept across the Nasdaq this summer.
