Kohl, meme stock
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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.
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.
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 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 ...
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:
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Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.
The market saw a fresh meme stock frenzy this week. While high exuberance can be a contrarian sell signal, sources say the market is still in good shape.