Opendoor (OPEN) Jumps 26%. Time to Sell?

We recently published 10 Stocks Crushing While Wall Street Naps. Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the top performers on Thursday.

Opendoor Technologies soared by 25.62 percent on Thursday to end at $3.04 apiece, in what appeared to be a meme rally amid the lack of fresh catalysts to spark buying appetite.

Investors may have taken path from a prominent crypto investor and podcast host, who announced on social media on Wednesday that he had personally acquired shares in Opendoor Technologies Inc. (NASDAQ:OPEN).

“I believe retail investors are a powerful force in financial markets. They can help a company grow, generate new ideas, and bring valuable attention to a narrative,” said Anthony Pompliano, who serves as CEO of ProCap Acquisition Corp. and a former employee of Meta Platforms.

Pompliano also owns a podcast called The Pomp Podcast and a YouTube channel under his name, where he discusses topics about crypto, business, and investing. To date, his channel has more than 624,000 subscribers.

Meanwhile, Opendoor Technologies Inc. (NASDAQ:OPEN) recently regained compliance from the Nasdaq after the latter notified the company earlier this year of its failure to meet the $1 minimum bid price requirement to stay listed.

The issue was resolved after Opendoor Technologies Inc. (NASDAQ:OPEN) announced on August 1 that it had successfully traded above the minimum level for 12 consecutive days from July 15 to 30.

While we acknowledge the potential of OPEN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.