The stock market is booming, with meme-trading armies back in action. Opendoor Technologies (NASDAQ: OPEN) has seen a 500% increase this year, but is still below its debut price. A new CEO, Kaz Nejatian, plans to cut costs and drive innovation, similar to his success at Shopify. Opendoor aims to return to profitability by expanding outside of homebuying. However, with a market cap of $7 billion, the stock is facing high expectations and tough competition, making it a risky buy at its current valuation of under $10 per share. Investors should proceed with caution.

Read more at Nasdaq: Is Opendoor Technologies Stock a Buy Below $10?