‘Cult stock’ Opendoor has hit a three-year high. And this is why.
1. Opendoor shares surged over 16%, reaching their highest close since August 2022. 2. Eric Jackson asserts Opendoor is not a meme stock but a cult favorite. 3. CEO Carrie Wheeler's resignation has been welcomed by bullish investors. 4. Short interest stands at 24.3%, indicating significant market activity. 5. Opendoor plans to focus on artificial intelligence, despite mixed expert opinions.