Overview

• Opendoor shares jumped as much as 25% intraday on heavy retail volume, pushing the stock to its highest levels since July’s meme-driven rally.
• Crypto investor Anthony Pompliano disclosed his stake in Opendoor and scheduled a podcast interview with CEO Carrie Wheeler for next week.
• Hedge-fund manager Eric Jackson intensified his activist campaign by publicly criticizing Wheeler’s leadership and expressing willingness to join the board.
• Keefe, Bruyette & Woods downgraded the stock to Underperform with a $1 price target, citing widening losses and weak third-quarter revenue guidance.
• Elevated short interest, significant volume and an RSI above 75 underscore the rally’s overbought technicals and heightened risk of a pullback.