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Kohl, Stock and meme-trade
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Meme-style trading sent Kohl’s stock up as much as 100% on Tuesday. Here’s why investors should pull out of KSS shares today.
Huge interest in the Menomonee Falls-based retailer's stock drove so many trades July 22 that trading was briefly suspended.
2don MSN
Kohl’s was still up 38% in single-day trading not driven by underlying fundamentals. In fact, it fired its third CEO in three years just two months ago.
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.
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