The stock market is soaring, and the online meme-trading armies are back in style. One stock leading the charge is Opendoor Technologies (NASDAQ: OPEN), a real estate platform that went public in 2020. The stock was down over 95% from all-time highs before large investors and individual traders began purchasing shares en masse last quarter.
Opendoor is now up around 500% year to date and more than 10 times its lows in June. However, with a market cap of $7 billion and a price of $9.50 as of Sept. 15, the stock is still below its debut price after merging with a special purpose acquisition company (SPAC).
Does that make it a buy below $10?