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- Opendoor stock gains 42% in wild day after doubling early Monday as volatility triggers trading halt</p>
<p>Jake ConleyJuly 21, 2025 at 11:16 PM</p>
<p>Opendoor Technologies (OPEN) stock continued its wild ride on Monday, rising 42% after a trading day that saw shares more than double before being halted for volatility in the final hour of the session.</p>
<p>At its peak on Monday, Opendoor's intraday rally reached as much as 115% before triggering a volatility-related trading halt in the stock near 3:00 p.m. ET. The stock was halted for 10 minutes Monday afternoon after the stock crossed the Nasdaq's volatility limit, which is triggered when a stock's share price moves too far and too quickly, depending on the per-share value of the stock.</p>
<p>The long-beleaguered iBuyer platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to above $4.80 at Monday's session highs. Shares still remain far below their all-time high of $39.24 reached in February 2021.</p>
<p>Powering the stock, in part, has been a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and a ream of speculative bets posted to the subreddit wallstreetbets, a haven for meme stocks, have both added significant fuel to the fire.</p>
<p>Retail trading activity in the stock has surged in recent weeks, according to data from VandaTrack.</p>
<p>Read more about Opendoor's stock moves and today's market action.</p>
<p>Opendoor uses iBuyer real estate technology to buy homes from owners for cash, make light repairs, then flip them back onto the open market to hopefully resell at a profit. Since going public through a SPAC transaction in December 2020, Opendoor has yet to post a profitable quarter.</p>
<p>But EMJ Capital principal Eric Jackson — who first gained notoriety for being an early believer in turnaround potential at Carvana — predicted in an X thread laying out his bull case on the stock that it would report its first quarter of positive EBITDA in August and that he sees a price target of $82.</p>
<p>The company was served a warning that it faced potential delisting from the Nasdaq in May after trading under $1 for more than 30 days. In June, it settled a class-action lawsuit alleging that the company did not properly disclose its price algorithm's inability to adapt to changes in the housing market.</p>
<p>As with meme-stock predecessors GameStop (GME) and AMC (AMC) during their own retail-frenzied runs throughout 2021, short bets on Opendoor had hit a record level, accounting for more than 25% of the company's float by the end of June.</p>
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<p>Jake Conley is a breaking news reporter covering US equities for Yahoo Finance. Follow him on X at @byjakeconley or email him at jake.co[email protected].</p>
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