Fortune 500 retailer Kohl’s gets meme stock treatment
Digest more
The department store saw its share price double in early trading, thanks to heightened interest in the stock from online forums.
Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.
Kohl’s loss prevention said July 18 that two women stole four Ninja frozen drink makers from the store the previous day. They said that suspects initially put the items down as they were exiting in fear of having been seen,
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."
StockStory.org on MSN8h
Why Kohl's (KSS) Stock Is Nosediving
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.
Explore more
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."
Shares in the retailer jumped 38% as investors discussed whether it was the next meme stock. The heavily-shorted shares are still down nearly 30% over the past year. Target (TGT) s