Kohl, Meme and stock
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Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.
Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest beaten down companies to see a share price revival are Krispy Kreme, GoPro and Beyond Meat.
CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."
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Why Kohl's (KSS) Stock Is Nosediving
What Happened? Shares of department store chain Kohl’s (NYSE:KSS) fell 16.4% in the afternoon session after the stock gave back a significant portion of the previous day's massive gains, which were driven by a meme-stock-style trading frenzy.
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Why Shares of Kohl's Are Sinking Today
Kohl's has become a meme stock. Investors recently noticed the stock had close to 50% short interest. The company has struggled as of late. 10 stocks we like better than Kohl's › After rocketing nearly 38% higher yesterday, shares of Kohl's (NYSE ...
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CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."
Kohl's Corporation struggles with declining sales, inventory issues, and high debt costs signal structural decline. Click for why I have a Sell rating on KSS stock.