July 25 2025 | Meme stock Opendoor boosted by Canadian hedge fund manager

 

Meme stock Opendoor boosted by Canadian hedge fund manager

By Carolina Mandl

July 24, 20252:59 AM PDTUpdated July 24, 2025

• Summary
• Companies

• Opendoor stock has surged over 400% this month, attracting retail investors
• Eric Jackson predicts Opendoor stock could reach $82 long-term
• Jackson's hedge fund assets dropped after key investor redemption

NEW YORK, July 23 (Reuters) - A surge in shares of residential real estate platform Opendoor Technologies , opens new tab has been boosted by the portfolio manager of a small Canada-based hedge fund, Eric Jackson.

Opendoor's stock has soared more than 400% this month, luring retail investors in a fashion that resembles the meme stock frenzy of 2021, when small investors drove up shares of video-game retailer GameStop , opens new tab and cinema chain AMC , op