Opendoor

OPEN

Market cap $7.34B

Opendoor Technologies (OPEN) operates an iBuying model that buys homes directly from sellers and resells them quickly. The business hinges on tight margins and fast inventory turns. Opendoor shares surged 1,080% over the past six months after a hedge fund manager predicted 1,000% upside.

Opendoor Technologies shares have handily beat the S&P 500 over a one-year and three-year time frame. Over a five-year time frame, however, shares in the real estate iBuyer are down big, while the stock market's most widely-followed index has nearly doubled in value.

The U.S. residential real estate market has transitioned into a new structural environment marked by low inventory, higher mortgage rates and increasing demand for integrated digital transaction platforms. Against that backdrop, Opendoor Technologies OPEN and Compass COMP have emerged as two of the most closely-watched companies in the real estate technology space.

OPEN's push to reopen and scale its D2C funnel aims to boost conversion and pave the way for a more capital-light transaction model.

The stock is up more than 370% year to date on social media hype. Opendoor revenue and inventory are declining, according to Q3 2025 earnings.

Speculators have been taking trades on both sides of this stock. The company's effort to push back on short-sellers doesn't seem to be working.

Opendoor has become quite a meme stock, with shares up more than 1,000% from their midyear lows. The company recently replaced its CEO with a former Shopify executive.

Opendoor announced in its third-quarter earnings report a set of warrants to reward shareholders. The stock initially posted gains, but then fell back.

On Friday, the President of the Federal Reserve Bank of New York indicated more rate cuts are in store. The comments raised market expectations of a 25-basis-point cut in December.

Real estate e-commerce stock Opendoor Technologies Inc (NASDAQ:OPEN) is surging amid renewed interest rate cut hopes , last seen up 15.5% to trade at $7.80 at last check.