Kohl's, Meme
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By now most people, even those vaguely tuned into finances, have heard the phrase "meme stock." But if you're just catching up, here are some basics.
Meme stocks are back. Jolted by a sudden surge in Opendoor stock last week, a handful of other shares have ripped higher on interest from retail traders.
Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.
Kohl's Chief Marketing Officer, Christie Raymond, sold $518,450 worth of company stock amidst the surge. The stock's volatility mirrors previous "meme stock" events, with nearly 50% of Kohl's stock currently being shorted. Kohl's Corp. stock is becoming as ...
Retail investors have begun to pile into speculative bets on small-cap companies in a buildup that resembles the meme stock frenzy of 2021.
Krispy Kreme and GoPro were among the companies riding the latest meme stock rally on Wednesday, as retail traders latched on to the highly shorted names a day after piling into the shares of department store company Kohl's.