Why Opendoor Technologies Stock Is on the Move Today

Shares of Opendoor Technologies (NASDAQ: OPEN) are moving higher on Friday, up 2.2% as of 1:56 p.m. ET, but were up as much as 15.5% earlier in the day. The jump comes as the S&P 500 has lost 0.7% and the Nasdaq Composite has lost 1.3%.Though most of the gain didn't stick, the meme stock flew upward following the appearance of EMJ Capital's Eric Jackson on Yahoo! Finance's show "Opening Bid."Mr. Jackson is largely responsible for initiating Opendoor's rally this year, propelling it to become one of the hottest meme stocks on the market. He's been a strong proponent of the stock, believing that the company is sitting on a gold mine of data that it can use to effectively leverage AI, becoming the go-to way to buy and sell your home.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool