Opendoor Technologies, Inc. (NASDAQ: OPEN) saw its shares rise as retail investors rallied and rumors circulated that a famous comedian may be investing in the company. Eric Jackson hinted at a celebrity endorsement, sparking excitement. Comedian Rob Schneider’s quote on Jackson’s post added to the buzz.

Speculation grew as Jackson’s subsequent post seemed to confirm Schneider as the mystery comedian investor. Despite no official confirmation of Schneider’s investment, the online hype boosted Opendoor’s surge. Retail investors, backed by figures like Anthony Pompliano and Jackson, are optimistic about the company’s potential turnaround, driving the stock up on high trading volumes and “meme stock” behavior.

Market chatter is fueled by expectations of Federal Reserve interest rate cuts benefiting Opendoor’s iBuying and home resale model. Opendoor’s stock has surged 170% in the past month and over 1200% from its 52-week low on June 26. The trend continues with growing anticipation and excitement surrounding the company’s future.

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Read more at Yahoo Finance: Opendoor’s Meme Stock Mania Gets Comedic Twist