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Benzinga
Benzinga
Business
Vaishali Prayag

Opendoor Stock Is Soaring Monday: What's Going On?

Opendoor OPEN Eric Jackson Nasdaq Opendoor Technologies Inc
Tech stock skyrockets

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.

What To Know: The rally in Opendoor stock comes despite an uncertain financial outlook and macroeconomic headwinds facing the housing market. The momentum appears to be fueled by retail investor interest with shares seeing abnormally high volume to start the week. Opendoor has seen 1.43 billion shares traded on Monday versus the 100-day average of 105 million, per Benzinga Pro data.

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