Opendoor Stock Surges 11% to Best Day in Six Months as Volume Hits 112M Shares

According to Stocktwits data, Opendoor Technologies stock surged 11% on Thursday, marking its best day in six months and extending gains into overnight trading. Trading volume jumped to 112 million shares, more than double the stock's average, as retail sentiment shifted to 'extremely bullish' on the platform. The stock is up 26% from its June 23 low.

The rally was driven partly by Opendoor's inclusion in the Russell 3000 Index last month, which triggered buying activity. However, the company's Q1 financial results reveal weakness: revenue declined 38% year-over-year to $720 million, and net losses more than doubled to $173 million.