This left-for-dead real estate technology stock is surging. But should you take the bait?
Penny stocks can be particularly attractive to investors who hope to make millions in the stock market. These equities tend to be small and volatile, and when things work out, they tend to generate multibagger returns.
With shares up 450% year to date, OpenDoor Technologies ( OPEN -6.09% ) is an excellent example of this phenomenon. But is this explosive rally the start of a sustainable, fundamentals-driven bull run or just another dead cat bounce ? Let's dig deeper to find out.
A unique business model
Before generative AI stole the show in 2022, e-commerce was one of Wall Street's favorite hype cycles. We all remember how platforms like Amazon and eBay revol