Kohl’s Stock Up 33%. Locafy LCFY May Be Next Meme Stock
NEW YORK, NY, JUL 22 – Kohl's stock doubled due to a short squeeze fueled by retail traders despite leadership instability and a 49% short interest, reflecting speculative momentum rather than fundamental strength.
- Premarket on Tuesday, Kohl's Corporation shares jumped over 100% to a peak of $21.39 on the NYSE.
- With 49% of its float shorted, retail traders on Reddit’s r/WallStreetBets and X fueled speculation of a short squeeze.
- The New York Stock Exchange triggered a trading halt due to volatility, with about 87 million shares trading by 10 a.m. ET, 11× its 25-day average volume.
- Market analysts said short positions may have been forced to unwind, and investors cautioned that momentum can shift suddenly.
- Ahead of the Q2 earnings report, investors will be watching to see if it validates the rally while weighing speculative forces against the company's core financial health.
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Is Rocket Companies (RKT) the Next Meme Stock?
Here we go again. Just years ago, GameStop, AMC, and Bed Bath & Beyond exploded thanks to WallStreetBets on Reddit. Now, it’s happening again. In fact, just yesterday, Kohl’s ran from a low of $10.52 to a high of $19.53 as it became the latest meme stock to explode higher. Like other beaten-down stocks suddenly […]
Kohl's reaches "meme stock" status in latest stock surge
NEW YORK, NY— Over the past 24 hours, Kohl’s share prices have doubled from $10.41 per share on Monday to almost $20 on Tuesday. Many economic and finance experts says this move on Wall Street is being performed by who have labeled Kohl’s as a ‘meme stock’, meaning they have the backing of young and inexperienced investors. Marquette Associate Professor Finance David Krause says he personally doesn’t believe that Kohl’s has reach the status of b…

Investors breathe life into new batch of meme stocks as Kohl's, Opendoor Technologies surge
Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest meme stocks are Kohl’s and Opendoor Technologies, two companies with struggling businesses.
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