Kohl's, Meme and stock
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There is a sudden interest by investors in highly shorted stocks this week that has led to some outsized rallies. Kohl's Corporation (NYSE:KSS) did not show any clear signs of letting up in premarket action on Wednesday after a wild ride on Tuesday that saw the department store stock surge 38% on volume that was 20X the normal activity.
Some investor enthusiasm faded for the latest meme stock rally on Wednesday, with shares in heavily shorted Krispy Kreme and GoPro coming off earlier highs, a day after retail investors had piled into the shares of department store company Kohl's.