Kohl's, Meme Stock
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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.
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.
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.
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 ...
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.