Opendoor Technologies Inc (OPEN) experienced a significant 24-hour surge of 5.37% on Thursday, continuing its volatile performance as part of the ongoing meme stock phenomenon. The real estate technology company has been at the forefront of a resurgence in retail investor interest, driving dramatic price swings in recent weeks.

The latest upswing comes amid a broader revival of meme stock mania that has swept through the market. Opendoor, along with other speculative stocks like Kohl's, GoPro, and Krispy Kreme, has seen increased attention from retail traders coordinating on social media platforms such as Reddit's WallStreetBets. This renewed interest has led to extreme volatility, with Opendoor's stock price fluctuating wildly in recent trading sessions.

Market analysts attribute the surge to a combination of factors, including high short interest in the stock, increased options activity, and coordinated buying efforts by retail investors. The stock's momentum has been fueled by social media buzz and a broader bullish sentiment in the market, with major indices near record highs. However, experts warn that such rapid, sentiment-driven price movements carry significant risks for investors.

As the meme stock trend continues to evolve, market participants will be closely watching Opendoor and similar stocks to see if they can maintain their momentum or if the bubble will eventually burst. For now, the company remains a focal point of the ongoing debate about the impact of retail investors on traditional market dynamics.