Overview

• Opendoor shares have jumped more than 1,570% over the past three months, according to Yahoo Finance.
• The board removed its prior CEO in mid-August following activist pressure, and the stock accelerated after a new chief was announced.
• The incoming leader has promoted artificial intelligence as central to the company’s future.
• The business has not delivered a full-year profit, and scaling a house-flipping model has historically been challenging.
• Coverage describes the rally as meme-like and advises most investors to steer clear for now due to stretched expectations and execution risk.