Market Extra
Meme-stock mania is back, baby
Last Updated: July 21, 2025 at 6:14 p.m. ET
First Published: July 21, 2025 at 5:16 p.m. ET
In the span of about a week, Opendoor Technologies Inc. has gone from a struggling former pandemic-era darling to the talk of the U.S. equity market.
Shares of the iBuyer company went on a wild ride Monday, fueled by a surge of trading volume and a burst of activity in options contracts tied to the stock. At their peak, shares were up more than 120% on the day, before a sudden afternoon selloff saw Opendoor OPEN erase much of its earlier gains within the span of a few minutes. Shares were halted for volatility around 3 p.m. Eastern, data from Nasdaq showed.
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