Kohl's shares surge 30% as retailer becomes latest meme stock: ‘Crazy group move'
1. Kohl’s stock surged over 100%, triggering a trading halt. 2. 49% of Kohl's outstanding shares are currently shorted. 3. The stock is trending on retail investor platform Stocktwits. 4. Around 87 million shares traded, well above average volume. 5. The surge resembles past 'meme stock' rallies seen in 2021.