Why Opendoor Stock Soared 91% in May
Share of Opendoor Technologies (NASDAQ: OPEN) stock rose 91% in May, according to data provided by S&P Global Market Intelligence. Opendoor's business has been absolutely crushed by rising interest rates. Investors were excited by the company's concept when it went public via special purpose acquisition company (SPAC) in 2020, but its stock has tanked as macroeconomic factors exacerbate internal problems.