US EditionCan Kohl’s (KSS) Hit $20 Today?
UNITED STATES, JUL 22 – Opendoor's July gains hit 502% with record 2 million call options traded, while Kohl's saw a 62% rise fueled by heavy short interest and a Goldman Sachs price target hike.
- Kohl's shares surged over 100% early Tuesday before the NYSE halted trading for volatility less than 10 minutes into the session.
- This spike followed heavy options trading, with 66,173 call and 55,734 put options changing hands amid active discussion on Reddit's WallStreetBets.
- Kohl's remains a struggling department store facing weak sales, high costs, and CEO Ashley Buchanan's May termination due to undisclosed vendor conflicts.
- Adam Crisafulli of Vital Knowledge said Tuesday that such spikes in stocks like Kohl's 'act like giant red flags' and that 'froth this extreme is never a good sign.'
- Investors should expect continued volatility in Kohl's shares reflecting meme stock trading without improvements to the company's underlying business.
12 Articles
12 Articles
Kohl's shares soar as investors rally behind new batch of "meme stocks"
Kohl’s shares soared Tuesday as investors piled in amid renewed exuberance for so-called meme stocks. The struggling department store’s stock price jumped nearly 38%, or $3,92, to close at $14.34 a share. Like other beaten down stocks suddenly embraced by retail investors, Kohl’s has benefited this month from buzz in online investor communities like WallStreetBets, the Reddit forum that in 2021 helped power the starting market gains of companies…
Investors Breathe Life Into New Batch of Meme Stocks as Kohl's, Opendoor Technologies Surge
NEW YORK (AP) — As the stock market pushes into record territory and bargains become harder to find, investors are once again turning to some of Wall Street’s beaten down companies in hopes of a quick score. The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based […]
Can Kohl’s (KSS) Hit $20 Today?
Out of the gate, shares of Kohl’s (NYSE: KSS) rocketed to $19.53 a share. From here, it could test $20 a share, near-term. All thanks to the explosive retail buy interest in the stock. Shortly after appearing on the retail investor forum, StockTwits, the stock doubled in value. It’s now one of the most heavily […]
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