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Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%
CNBC· 2025-09-10 22:50
Core Insights - Opendoor has appointed Kaz Nejatian as CEO and Keith Rabois as chairman, leading to a 30% increase in stock price during after-hours trading, with the stock up over fifteenfold since its record low in June [1][3] Company Developments - Kaz Nejatian, formerly of Shopify, will take over as CEO, while co-founder Keith Rabois steps in as chairman; Eric Wu, the first CEO, is rejoining the board [2][4] - The leadership changes follow the resignation of Carrie Wheeler as CEO amid investor pressure, with Rabois and Eric Jackson being vocal critics of her tenure [2] Market Performance - Opendoor faced potential delisting from Nasdaq in May due to a stock price below $1, but has since gained significant retail investor interest, achieving "meme stock" status [3] - The company's market capitalization has surged to nearly $6 billion, up from less than $400 million in just three months [3]
GameStop rallies as it starts to look slightly more like a value stock than a meme name
Seeking Alpha· 2025-09-10 14:39
Core Insights - GameStop Corp. (NYSE:GME) experienced a 7.5% increase in early trading following its second-quarter earnings report, indicating positive market reaction to its financial performance [3] - The company reported a 20% increase in revenue during the quarter, attributed to strong performance in its collectibles business and sales of the Nintendo Switch [3] Financial Performance - Revenue increased by 20% compared to the previous quarter, showcasing significant growth [3] - Improvement was noted in operating income and earnings per share (EPS), reflecting overall financial health [3]
What's Happening With Offerpad Stock?
Forbes· 2025-09-02 10:55
Group 1 - Offerpad Solutions stock (NYSE:OPAD) experienced a trading increase of approximately 130%, gaining attention as a meme stock driven by online hype rather than fundamentals [2] - The stock's surge is also influenced by Fed Chair Jerome Powell's indication of a potential interest rate cut in September, which could enhance housing activity and demand on Offerpad's platform [2] - Peers like Opendoor have also benefited, with its stock nearly tripling in value this year [2] Group 2 - Despite the stock's seemingly low Price-to-Sales ratio of 0.2x compared to the S&P 500's 3.3x, this figure is misleading as Offerpad recognizes full home sale prices as revenue, not actual profit margins [3] - The company has experienced a 42% average annual revenue decline over the last three years, with a 30% decline in the last twelve months, indicating weak underlying performance [3] - Offerpad's operating margins are at -6% and net margins at -8%, with significant debt of $217 million, which is about double its $111 million market capitalization [3]
Will Opendoor Stock's Rally Continue?
Forbes· 2025-08-19 13:00
Core Viewpoint - Opendoor Technologies has experienced a significant stock rally, driven by retail trading momentum and meme stock status, despite underlying fundamental challenges [1][3]. Group 1: Stock Performance - Opendoor's stock rose 19% in a single trading day and is up nearly 60% over the past five trading sessions [1]. - The stock remains down almost 90% from its SPAC-era peaks but has more than doubled year-to-date [1]. - Short interest stands at approximately 23% of outstanding shares, contributing to price volatility during trading activity [1]. Group 2: Company Developments - The announcement of the CEO stepping down was positively received by investors, although the reasons for this change are unclear [1]. - The company's second-quarter results exceeded expectations, with revenue of $63 million and EBITDA of $6 million [1]. Group 3: Financial Fundamentals - Opendoor's Price-to-Sales multiple is 0.5x, significantly lower than the S&P 500's 3.2x, but this may be misleading due to revenue recognition practices [3]. - The company has experienced an average annual revenue decline of 24% over the past three years, although it rebounded by 14% in the last 12 months to $5.2 billion [3]. - Operating income for the last 12 months was negative $204 million, reflecting a -3.9% margin [3]. - Opendoor carries $2.2 billion in debt, leading to a Debt-to-Equity Ratio of 79.2%, but has $789 million in cash as a buffer [3].
Why Opendoor Technologies Stock Is Soaring This Week
The Motley Fool· 2025-08-15 17:50
The beleaguered real estate technology company is searching for a new CEO.Shares of Opendoor Technologies (OPEN 11.35%) have shot up as much as 81% this week, according to data from S&P Global Market Intelligence. As of 1:29 p.m. ET Friday, Aug. 15, Opendoor stock is up 68.7% from last Friday's close.The real estate platform and iBuying company is seeing renewed interest from investors as a meme stock and recently announced a search for a new CEO. As a darling of the 2021 SPAC craze, Opendoor shares are dow ...
Why Opendoor Technologies Stock Jumped Today
The Motley Fool· 2025-08-15 15:28
Warren Buffett may think the bottom is in for housing.Opendoor Technologies (OPEN 11.02%) stock is jumping today, but not for the same reason it had been shooting higher in recent weeks. Shares of the real estate technology company have rocketed 286% in the last month, including another 14.8% today as of 10:58 a.m. ET.Much of the recent interest has been from retail investors talking the stock up on message board forums like Reddit. Today's pop comes with real news from the company, though. Opendoor announc ...
X @Investopedia
Investopedia· 2025-08-13 21:15
Meme stock trading is thriving again in 2025. Find out how it works and how you can take precautions if you decide to try your hand at it: https://t.co/JMu5zRrgLO https://t.co/Ahc4vYcqef ...
Paramount soars 20% as Jim Cramer slams PSKY a ‘meme stock'
Finbold· 2025-08-13 14:50
Group 1 - Paramount Skydance Corp (NASDAQ: PSKY) experienced a surge of over 20% on August 13 after being labeled a "meme stock" by CNBC's Jim Cramer, with shares trading at $12.85 at the time of the comment [1] - By the time of publication, shares of Paramount Skydance were up 22.34%, trading at $13.42, after reaching a peak increase of 27% earlier in the session [1][2] - The stock rally followed the completion of a high-profile merger with Skydance Media, combining Paramount's content library and distribution network with Skydance's production capabilities, now trading under the ticker "PSKY" on Nasdaq [2] Group 2 - Paramount announced a seven-year, $7.7 billion media rights agreement with TKO Group Holdings, making it the exclusive distributor of UFC events in the U.S. starting in 2026, with all events streaming on Paramount+ [3] - The deal is expected to more than double the reported $550 million per year that ESPN currently pays for similar rights [3] - Leadership changes include David Ellison being appointed as Chairman and CEO, supported by a board of ten directors with expertise in media, technology, and finance [4] Group 3 - Seaport Global Securities initiated coverage of the stock with a Neutral rating, highlighting the transformative potential of the Skydance integration [4]
Checking in with a Former Meme Stock Before Earnings
Schaeffers Investment Research· 2025-08-07 18:44
Core Viewpoint - AMC Entertainment is preparing for its second-quarter earnings report, with expectations of a loss and increased revenue compared to the previous year [1] Group 1: Earnings Expectations - Wall Street anticipates a loss of four cents per share on revenue of $1.35 billion, indicating a significant increase from the same quarter last year [1] Group 2: Stock Performance History - AMC Entertainment stock has a poor post-earnings history, with only one out of the last eight earnings reports resulting in a higher closing price the next day, which was a mere 0.2% increase in August 2024 [2] - The options market is pricing in a 9.2% move for the stock, which is larger than the average 4.9% swing over the past two years [2] Group 3: Current Stock Status - The stock is currently trading flat at $2.78, having finished 10 of the last 11 sessions lower, with a notable support level at $2.79 [3] - There is overhead pressure at the 320-day moving average, which may limit short-term gains, particularly around the $4 level [3] Group 4: Technical Indicators - The 14-day relative strength index (RSI) for AMC is at 13.4, indicating it is in "oversold" territory, suggesting a potential short-term bounce [4] - Year-to-date, the stock has declined by 30% [4] Group 5: Options Trading Activity - Options traders are predominantly buying calls, with 57,132 calls purchased compared to 7,224 puts in the past two weeks, indicating bullish sentiment despite the stock's struggles [5] - Short interest accounts for 15% of the stock's total available float, suggesting some call purchases may be hedging against short positions [5]
Figma's IPO success is ‘a little bit of a meme stock,' says Sapphire Ventures' Jai Das
TechCrunch· 2025-08-06 16:20
Group 1 - Figma successfully navigated a failed acquisition by Adobe, remaining independent and going public on its own terms, which reflects a unique situation in the current market for startup exits in 2025 [1] - Figma's IPO was significantly oversubscribed at 40 times, with initial share prices reaching $125 before stabilizing around $90, indicating strong market interest despite complex underlying factors [2] - The current trend in AI exits is shifting towards acqui-hires, with major companies like Google and Microsoft prioritizing talent acquisition over product technology, as evidenced by Google's $2.7 billion investment to hire the Character.AI team [3] Group 2 - The post-IPO stock movement of Figma serves as a signal to the broader market regarding the dynamics of startup exits [5] - The focus on talent over technology in AI exits raises questions about the sustainability of this trend in the long term [5] - There are emerging opportunities in sectors beyond AI, such as defense technology, SpaceTech, and crypto infrastructure, which may present promising investment avenues [5]