Why Opendoor Technologies Stock Soared 18.5% Today
Shares of Opendoor Technologies (NASDAQ: OPEN) jumped on Monday, finishing the day up 18.5%. The spike comes as the S 500 and Nasdaq Composite both finished down 0.3%.
The real estate technology company, which has recently become one of the newest meme stocks, is seeing shares recover after last week's poor earnings report.
Last week, Opendoor reported earnings showing that although top-line revenue came in above the company's prior guidance, the company is still operating deeply in the red, and that the revenue growth would reverse and decline sequentially for the next quarter.
Source Fool.com
