How Has OPEN Stock Done for Investors?
Recently, Opendoor Technologies (NASDAQ: OPEN) has become one of the top meme stocks, leading to big gains for investors over the past year. Relative to three years ago, the stock is also up substantially.
However, over the past five years, shares in iBuyer have experienced a high level of underperformance, losing considerable value. In contrast, the S&P 500 has nearly doubled during the same time frame.
Investors should keep this in mind before holding onto or entering a new position in this name. While still propped up by "meme mania" for now, other factors could soon send shares back toward prior lows.
Source Fool.com
