Opendoor Stock’s Meteoric 860% Rally Sparks Trading Halts and Retail Frenzy

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2025-07-22 10:37:02

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Opendoor Technologies Inc. (OPEN) shares have defied Wall Street expectations with an unprecedented 860% surge, rocketing from $0.50 to $4.80 in weeks. The rally triggered multiple Nasdaq trading halts as volatility limits were breached, with Monday's session seeing a 115% intraday spike before settling at a 42% gain.

Retail investors and short-covering fueled the parabolic move, echoing 2021's meme-stock mania. The stock gained 188% last week alone, marking one of 2024's most dramatic comebacks. Overnight trading extended gains by another 6.54%, demonstrating sustained momentum despite exchange interventions.

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