A Kohl’s store in Pleasant Hill, California, on Nov. 25, 2024. Bloomberg | Bloomberg | Getty Images Shares of Kohl’s surged Tuesday in volatile trading that echoed the meme stock rallies of recent years. The legacy department store’s stock more than doubled from Monday’s close of $10.42 per share, only to see those gains wiped…
CNBC’s Jim Cramer on Tuesday advised against shorting Kohl’s stock, comparing the scenario to the GameStop short squeeze four years ago. “The shorts have clearly overstepped their boundaries with Kohl’s. They’ve run into a buzz-saw of their own creation,” he said. “Even now, I think they’d be wise to cover their short and move on…
Opendoor Technologies, a penny stock last week, attracted sudden interest among Reddit-obsessed retail traders, who pushed up the stock price by threefold in days. The online real estate startup saw shares popping more than 14% Tuesday before turning negative, after a red-hot run powered by retail traders chasing meme stocks. It had surged more than…