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This is why meme stocks have ‘bubbled back to the surface,’ fund manager says - MarketWatch

1. Opendoor's shares surged over 120% on July 21, 2023. 2. The stock split meeting was adjourned due to the price surge. 3. 21.9% of Opendoor's public shares are shorted, indicating high trader interest. 4. Meme stock behavior persists, impacting heavily shorted stocks like Opendoor. 5. Retail trader access has permanently altered stock market dynamics.

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FAQ

Why Bullish?

Opendoor's dramatic price rise reflects renewed investor enthusiasm, comparable to past meme stock surges.

How important is it?

The analysis indicates potential for ongoing volatility and interest in Opendoor shares.

Why Short Term?

Immediate trading behavior is likely to fluctuate, influenced by the meme stock trend.

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