Opendoor Technologies stock (NASDAQ: OPEN) surged nearly 14% on Tuesday, becoming the top-performing stock of the day. It spiked in price despite the broader US stock market plummeting as leading equities went south. Dow Jones fell 185 points, while the Nasdaq Composite index dropped 110 points.
In addition, the S&P 500 index dipped by 50 points as the markets are attracting bearish sentiments. Despite the slump, Opendoor Technologies’ stock soared by double-digits and took the markets by surprise. While everyone had written off the stock, OPEN is knocking on traders’ doors for their investment opportunities.
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Opendoor Technologies Stock Spikes After Retail Traders Invest $97 Million
This makes Opendoor Technologies a must-watch stock in the market, as the upside potential is huge. Not everyone expected it to surge when the markets are down, and those who invested made stellar profits. The unpredictable equity seems lucrative to some traders as the risk-to-reward ratio is high. If OPEN climbs up in the charts, a small investment can deliver better results than other leading equities.
According to the latest report from JP Morgan, retail investors made the most profits from Opendoor Technologies stock. The leading bank wrote that regular traders purchased $97 million worth of OPEN shares in Q3 of 2025. Institutions’ clients mostly stayed away from taking an entry position as all technical’s pointed towards a bearish thesis.
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The bank also compared its surge to the GameStop scenario that happened four years ago. Even interim CEO Shriisha Radhakrishna has purchased OPEN shares worth $120,000. This led to optimism among retail investors who blindly jumped on the bandwagon and reaped the rewards.
Opendoor Technologies’ stock spiked despite its former CEO, Carrie Wheeler, consistently selling OPEN shares. In addition, the management’s performance has also been questioned and has a series of criticisms pinned up against them.