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- by economictimes.indiatimes.com
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Kohl’s moon mission? Stock jumps 25% as Reddit hype triggers massive rally
Kohls stock (NYSE: KSS) soared as much as 117% on Tuesday, triggering multiple volatility halts and peaking at an intraday high of $21.23 before paring gains to settle around $13.62—still up over 30% on the day. Trading volume exploded to more than 100 million shares, nearly 20 times its daily average, as Reddit-fueled retail investors piled in, targeting the stocks 49% short interest in an attempt to engineer a massive short squeeze.