Earnings day could cause this popular meme stock to surge or sink.From July to September, there was a speculative frenzy surrounding shares in Opendoor Technologies (OPEN -3.73%). This frenzy peaked not too long after the real estate iBuyer announced the return of its co-founders to its board, as well as the appointment of a new chief executive officer. Since then, bullishness has simmered down, leading to a new round of losses.After briefly touching prices north of $10 per share, the stock has since fallen ...

Core Viewpoint - Opendoor Technologies experienced a significant stock decline of 11.2% this week, despite a late recovery, primarily due to profit-taking by investors after a substantial rally earlier in the year [1][2][4]. Group 1: Stock Performance - Opendoor's stock fell 11.2% from the previous week's market close, marking a notable valuation slide [1]. - The company’s share price is still up 178% in 2025, indicating strong overall performance despite recent losses [2]. - The stock initially surged due to speculation about potential interest rate cuts by the Federal Reserve, which prompted investors to lock in profits [4]. Group 2: Investor Sentiment - Investors began cashing in on gains following a significant rally, which was influenced by Federal Reserve Chair Jerome Powell's comments on interest rates [4]. - The stock saw a rebound later in the week after being highlighted on CNBC's Mad Money, along with news of interim CEO Shrisha Radhakrishna purchasing 30,000 shares [5]. - Eric Jackson, founder and CEO of EMJ Capital, has been a vocal supporter of Opendoor, contributing to its stock gains this year [5][7]. Group 3: Leadership and Future Outlook - Opendoor is currently searching for a new CEO after the departure of former CEO Carrie Wheeler, influenced by retail investor pressure [6]. - The selection of the next CEO is expected to align with the priorities of retail investors, which may impact the company's future direction [7].