Jim Cramer on Opendoor Technologies: "I'm Not Going to Jump on That Train"

Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the stocks Jim Cramer was focused on. During the lightning round, when a caller asked about the company, Cramer remarked:

“You know, I’ve gotta tell you, this is a meme stock. The person who was, who left the company, the CEO, was a straight shooter. And I don’t really understand what happened, but I’ll tell you this: I am not going to jump on a situation that I thought was heavily, that some would say was manipulative, okay? Some would say. I’m not going to jump on that train.”

Opendoor Technologies Inc. (NASDAQ:OPEN) operates a digital platform for buying and selling homes. The company provides direct sales, listings, and marketplace services along with real estate, insurance, and construction solutions. Furthermore, it reported its Q2 earnings on August 5, posting an EPS of -$0.04, missing expectations by $0.01. Opendoor Technologies Inc. (NASDAQ:OPEN) beat its revenue estimates by $100 million at $1.6 billion, up 6% year-over-year.

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Disclosure: None. This article is originally published at Insider Monkey.