Opendoor has been on a tear, but this fintech stock looks like a better long-term winner.
Opendoor Technologies ( OPEN 3.47% ) dazzled investors over the last three months like few other stocks. The online home-flipper jumped an incredible 1,400% over the last three months, going from a little over $0.50 a share to more than $10 at one point.
The rally began with hedge-fund manager Eric Jackson making the case that the stock could be the next Carvana , which jumped to almost 100 times its original price after nearly going bankrupt in 2022. That argument gained steam online and helped turn Opendoor into a meme stock , as it initially surged on high volume and no news.
Since then, the stock gained on real news. That includes the prospect of the Federal Reserve lowering intere