Fortune 500 retailer Kohl’s gets meme stock treatment
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Few people would have picked Kohl’s stock as a candidate for a double. Thanks to a “gamma squeeze,” it became the latest meme-trade darling to gain more than 100% in a single day.
Shares of Kohl's ( KSS 36.04%) were soaring today after the ailing department store chain became the latest stock to get the meme treatment, following in the footsteps of Opendoor Technologies ' meteoric rise in recent weeks.
Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.
Kohl's stock price nearly doubled overnight, surging from $10.42 to $19.53 per share. Online forums, including Reddit's Wall Street Bets, are believed to be contributing to the increased trading activity. Kohl's Chief Marketing Officer, Christie Raymond ...
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Why Is Kohl's (KSS) Stock Rocketing Higher TodayShares of department store chain Kohl’s (NYSE:KSS) jumped 35.5% in the morning session as the company exhibited the classic hallmarks of a meme stock. It became apparent that, despite a lack of corporate announcements or major stock ratings,
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A key reason why Kohl's Corp. stock received the attention it has this week, has been because of the number of shares bet against the company.
The Score is a weekly review of the biggest stock moves and the news that drove them. Here are the six in focus this week:
Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.