Fortune 500 retailer Kohl’s gets meme stock treatment
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Shares in Krispy Kreme donuts, camera maker GoPro, and retailer Kohl's have risen dramatically this week, driven by online hype.
Memesters took the likes of Kohl’s and Krispy Kreme on a wild ride.
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.
Meme-stock mania might be back, but old heads may have noticed that the moves this time around are lacking a certain explosiveness.