Opendoor Technologies’ stock surged 188% after a 36% increase, reaching retail meme stock status with a 140% rise in retail trading activity. Shares fell from $39.24 to under $1, but now aim to surpass $5. Opendoor closed at $2.25 on Friday, prompting questions about maintaining momentum towards a $82 target.

Factors like a declining housing market and rising interest rates led to Opendoor’s stock dipping below a dollar, burdened by debt and lack of positive EBITDA. Facing delisting from the Nasdaq, Opendoor settled a $39 million class-action lawsuit. However, expectations of positive EBITDA in August and new partnerships with real estate brokers are boosting investor confidence.

Read more at Yahoo Finance: Opendoor stock records 180% weekly gain as retail frenzy cements meme status