Opendoor Technologies (NASDAQ: OPEN) gained popularity this year among retail investors due to high short interest, reaching $7.25 per share. Hedge fund manager Eric Jackson predicts it could hit $82 per share. However, the buzz around Opendoor seems to be fading, with new meme stocks like Beyond Meat taking the spotlight.

The company’s stock surged from less than $0.60 per share in June to $7.25 in December. Opendoor allows users to sell homes quickly, bypassing traditional processes. Eric Jackson’s bullish prediction and retail investor interest fueled the stock’s rise. However, the hype around Opendoor may be waning as attention shifts to newer meme stocks.

Read more at Yahoo Finance: 1 Reason Why Opendoor Stock Is Yesterday’s News