Opendoor Technologies Inc., a San Francisco-based digital real estate firm valued at $1.8 billion, saw its stock climb 9.78% in two days after prominent investor Anthony Pompliano revealed he had bought shares.
Pompliano, CEO of ProCap Acquisition Corp., announced the move on X, writing, “I have personally purchased shares in $OPEN today.”
Big jump in one month
According to Google Finance, Opendoor’s stock has soared 175% over the past month, rising from about $0.90 to more than $2.40. The rally follows a July retail trading frenzy sparked by hedge fund EMJ Capital Founder Eric Jackson’s social media posts, which briefly sent shares up as much as 832% before settling.
Opendoor’s “iBuying” model uses software to streamline the home buying and selling process, offering homeowners faster and more flexible options.
Once struggling with rising interest rates and facing a potential Nasdaq delisting, Opendoor became a meme stock in July after a surge led by retail investors.
Pompliano cautioned, “This is not financial advice. Do your own research. Opendoor is going to be volatile. It may not work out for investors. Take responsibility for your own actions and decisions.”
CEO Carrie Wheeler called the recent surge “an unexpected opportunity” for 2025, as the company shifts from flipping homes to broader selling solutions.
These developments underscore how social media buzz and influential investors can rapidly move markets, particularly in tech-driven real estate stocks.
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