Opendoor Technologies Inc. (OPEN) garnered attention this week after a wave of online hype propelled its stock significantly, only for the rally to quickly lose steam. Retail investors, enthused by Reddit and social media buzz,

As the stock market pushes into record territory and bargains become harder to find, investors are once again turning to some of Wall Street's beaten down companies in hopes of a quick score. The latest so-called meme stocks are the department store Kohl’s,

Shares of Opendoor Technologies Inc. (NASDAQ: OPEN) are trading higher Monday as the stock continues to ride momentum fueled by retail investor interest and broader sector movement.

The Opendoor stock price has gone parabolic this month, soaring to a multi-month high of $4.91. What next for Open shares?

Despite the enthusiasm, Opendoor has significant financial troubles. The company's top line has plummeted from its height in 2022. The company's current annual run rate is well under a third of its 2022 sales. Opendoor has also never turned a profit and has significant negative cash flow.

Opendoor’s meme-fueled rally is partly backed by subtle macroenvironment relief and a strategic shift. Read why I think OPEN stock is a high-risk, binary bet.

Krispy Kreme and action camera company GoPro have joined the meme stock rally as their shares surge. Like the shares of Opendoor and Kohl’s, both Krispy Kreme and GoPro were heavily cited by users of the wallstreetbets subreddit. The meme stock rally is back and gathering steam.