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Opendoor Technologies Inc. (NASDAQ:OPEN) is one of the 20 Stocks Jim Cramer Wanted You To Sell & Immediately Get Out Of.

Opendoor Technologies Inc. (NASDAQ:OPEN) is a real estate marketplace technology company. Its shares are up by 335% over the past year and are down by 29% year-to-date. Since Cramer discussed the firm on April 2nd, the stock is down by 48%. However, Opendoor Technologies Inc. (NASDAQ:OPEN)’s shares surged by roughly 816% between the CNBC TV host’s comments and September 11th. A notable jump occurred on the 11th when the stock closed a whopping 79% higher. On that day, Opendoor Technologies Inc. (NASDAQ:OPEN) yielded to hedge fund pressure and removed its CEO to appoint former Spotify executive Kaz Nejatian instead. On November 6th, the stock closed 9.3% lower on the same day, the technology company reported its third-quarter earnings report. The results saw Opendoor Technologies Inc. (NASDAQ:OPEN) post a $0.08 adjusted loss, which was higher than the $0.07 loss that analysts had penciled in. Here is what Cramer had said about the firm on April 2nd:

“Then you’re going to ring the register. We don’t want to be in a meme stock.”

Studio Grand Ouest/Shutterstock.com

While we acknowledge the potential of OPEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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