Here's Why Everyone Is Talking About Opendoor Technologies Stock
Opendoor Technologies (NASDAQ: OPEN) has been on the minds of many investors recently, and with the stock nearly quadrupling since the beginning of July, it isn't too much of a surprise. Specifically, shares of the iBuyer pioneer have climbed by 288% in less than six weeks.
One big reason is that a notable hedge fund manager gave an extremely bullish thesis on the stock, and it attracted the attention of the so-called "meme stock" traders, who have been very actively buying and selling. However, the reality of Opendoor's business doesn't necessarily match the recent price action, so it's very important for investors to know exactly what they're getting into before they buy shares.
With that in mind, here are the key details of the bull case that started Opendoor's rally, details of its latest earnings results, and whether Opendoor might be worth a closer look now.
Source Fool.com
