TLDR
- Opendoor (OPEN) stock surged 11.8% Thursday to $3.60 on positive housing market data
- July existing home sales jumped 2% month-over-month to 4.01 million annual rate
- Median home price rose 0.2% to $422,000, boosting platform activity expectations
- Investment podcaster defends stock against meme trading allegations
- Shares have exploded 386% higher over past three months
Opendoor Technologies stock rocketed 11.8% Thursday, closing at $3.60 as fresh housing data energized investors. The real estate platform company outpaced falling markets and sector rivals.
The S&P 500 dropped 0.4% while the Nasdaq fell 0.34% during the session. Opendoor’s rally bucked the broader market trend completely.
Trading volume hit 199 million shares, just under the three-month average. The stock peaked at 15.2% gains during morning trading before settling at closing levels.
Housing Sales Data Drives Momentum
The National Association of Realtors delivered July housing numbers that beat expectations. Existing home sales climbed 2% month-over-month to a seasonally adjusted 4.01 million annual rate.
Year-over-year sales grew 0.8% compared to July 2024. The median closing price edged up 0.2% to reach $422,000 for the month.
These figures suggest stronger activity ahead for Opendoor’s instant home buying platform. More home sales typically mean more potential customers for the company’s services.
The housing data comes after months of mixed signals from the real estate market. Buyers and sellers have been navigating changing interest rate conditions throughout 2025.
Real estate professionals see the monthly increase as encouraging news. The year-over-year growth adds momentum to recovery hopes for digital real estate platforms.
Retail Investor Support Gains Spotlight
Investment podcast host Anthony Pompliano sparked conversation with recent social media commentary about Opendoor. He pushed back against critics calling the stock a meme trading target.
Pompliano described retail investors as operating like a “decentralized hedge fund.” He said these traders collaborate to identify and back strong investment opportunities.
His defense comes as Opendoor has skyrocketed 386% over three months. The massive rally has restored the company’s market cap to around $2.6 billion.
Some analysts have attributed the gains to speculative trading activity. Pompliano’s view offers a different perspective on the stock’s explosive performance.
The discussion highlights growing retail investor influence across financial markets. Online communities increasingly drive individual stock movements through coordinated activity.
Opendoor crushed its real estate competitors Thursday. Offerpad Solutions gained just 2.3% to $1.34, while Zillow Group’s Class C shares rose only 0.4% to $81.40.
The performance gap shows investor excitement specific to Opendoor’s business approach. Platform-based real estate companies continue attracting different levels of market interest.
Thursday’s rally combined positive housing fundamentals with retail investor advocacy. Both elements contributed to the stock’s double-digit jump during the trading session.
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