Opendoor Technologies (NASDAQ: OPEN) has experienced a surge in its stock price due to a meme-stock rally, possible short squeeze, and Reddit/X.com speculation. Today’s gains may also be influenced by Options Friday, with the stock up 19.4% as of 10:33 a.m. ET. Trading volume is surging, reaching record levels.

The rally in Opendoor’s stock is driven by traders and momentum, with no significant news regarding the business. The stock’s trading volume continues to increase, potentially propelling it even higher. Yesterday saw a record-breaking 541 million shares traded, out of 729 million outstanding.

Despite the lack of positive business news, Opendoor’s stock rally could persist if trading volume remains high. However, the current surge is likely influenced by options expiration, which could lead to a decline on Monday. The company’s business fundamentals still need support from the housing market.

Read more at Yahoo Finance: Why Opendoor Technologies Stock Was Soaring Today