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Opendoor Technologies, Inc. (NASDAQ:OPEN) shares climbed Monday as retail investors continued a massive rally and social media buzz suggested a famous comedian is buying into Opendoor.
On Sunday evening, leader of the “OPEN Army” Eric Jackson hinted that a celebrity will announce their support of Opendoor on Monday.
“Not Drake, but we have a significant comedian buying OPEN announcement coming tomorrow,” Jackson posted on X.
Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — and you can too at just $2.90/share.
A few hours later, comedian Rob Schneider quoted Jackson’s post, adding “Shhhhhhh…
Let me BUY it FIRST!!!!”
Jackson followed up with another post that seemed to confirm Schneider as the mystery comedian investor.
“Ladies and germs… Welcome to the OPEN Army!!!,” Jackson wrote with emojis pointing down to Schneider’s quoted post.
See Also: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
There was no official confirmation of an investment from Schneider, but the online hype added fuel to Opendoor’s recent surge.
Retail investors, led by voices such as Anthony Pompliano and Jackson, are optimistic about the company’s turnaround potential and have pushed Opendoor higher on exceptionally high trading volumes and “meme stock” behavior.
Market chatter has also been fueled by growing anticipation that Federal Reserve interest rate cuts could improve the real estate market and benefit Opendoor’s iBuying and home resale business model.
Opendoor stock has gained 170% over the past month and is up more than 1200% from its 52-week low of 51 cents reached on June 26.
Photo: Featureflash Photo Agency/Shutterstock
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This article Opendoor’s Meme Stock Mania Gets Comedic Twist originally appeared on Benzinga.com
