Opendoor Technologies shares jumped about 25% on Thursday, reaching roughly $3.03 and closing above the $3 mark for the first time in more than a year. The advance extends a rally that began in July and comes despite a hotter-than-expected U.S. producer-price reading and two recent analyst downgrades that set $1 price targets. Regulatory filings released this week showed Qube Research & Technologies accumulated 12.5 million Opendoor shares valued at $30.3 million during the second quarter. Weiss Asset Management also reported a new position, adding institutional heft to a rebound that had previously been driven largely by retail traders. Hedge-fund manager Eric Jackson, whose bullish social-media campaign helped ignite the July surge, continues to press the company publicly, calling for a board seat and reiterating a long-term target of $82 a share. His activism has aligned institutional and retail investors, a contrast with past meme-stock battles that pitted the two camps against each other. Operationally, Opendoor posted positive EBITDA for the first time in several years in its latest quarter and has highlighted new AI-driven cost-reduction initiatives and assumable-mortgage products. Still, most Wall Street analysts remain cautious, and the stock—up sixfold from its June low of $0.51—faces the challenge of translating investor enthusiasm into sustained financial performance.