Kohl, Meme
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2don MSN
Investors breathe life into new batch of meme stocks as Kohl’s and Opendoor Technologies surge
The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.
Opendoor stock was up 18% in Thursday's midday trading. Shares of Kohl's were also higher, trading up by 8% at the time of publication.
Individual investors are flocking to social media to cheer on a new group of oddball stocks and squeeze the short sellers; ‘Let’s goo!!’ says Hot-Ticket9440.
Kohl’s stock more than doubled at its intraday peak Tuesday, then pulled back, a day after Opendoor shares did the same.
Kohls, the long struggling generalist retailer, saw trading halted after the open after the stock jumped more than 100% in pre-market trading.
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.
Live Updates Live Coverage Updates appear automatically as they are published. Markets Look Strong Today Overall 9:38 am by Eric Bleeker After some rotation out of risky assets yesterday, markets look pretty strong today.
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