This stock soars 40% in a day as Americans' buying frenzy takes off

Core Viewpoint - Opendoor Technologies' stock has experienced a significant surge, increasing over 200% in the past week and more than sixfold from its June lows, driven by retail investor interest and comments from market analysts [1][6]. Stock Performance - Shares of Opendoor Technologies spiked 42% on Monday to close at $3.21, followed by an 11.21% increase in pre-market trading on Tuesday, reaching $3.57 [1]. - The stock was trading below $1 in June 2025 and is now approaching the psychologically important $5 level, which would remove it from penny stock status [6]. Investor Sentiment - Retail investors on Reddit's WallStreetBets forum have been actively discussing and trading Opendoor shares, contributing to the stock's volatility and interest [3][4]. - Search interest for 'buy OPEN stock' reached a maximum score of 100 on July 21, up from 24 on June 22, indicating a more than 300% increase in queries [5]. Analyst Insights - Eric Jackson, founder of EMJ Capital, has expressed a bullish outlook on Opendoor, citing cost-cutting measures and improving margins, with a potential price target of $82 per share [3]. - The recent surge has raised questions about whether Opendoor's management can leverage this momentum for long-term growth [7].