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.
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 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.
The latest meme-stock frenzy shows that “market psychology and crowd behavior can sometimes matter more than the numbers,” says Capital.com analyst Daniela Sabin Hathorn