Kohl, meme stock
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Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.
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.
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:
I literally felt like I went to the casino to put $2,500 on black roulette.” KEVIN GAO, who got in on this week’s sudden buying of meme stocks, investing about $2,500 in shares of Opendoor. Five minutes after his purchase,
Financial markets once again have been seized by meme-stock mania. In mid-July, a frenzied rally erupted around a cohort of beaten-down companies, including Opendoor Technologies Inc., Kohl’s Corp. and Krispy Kreme Inc.
Social media buzzed with excitement on Monday as some beaten-down stocks that retail traders have been buying began to soar. Kohl's, Opendoor Technologies, Krispy Kreme and Rocket Cos. were among the names that posted outsized swings throughout the week.