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New York Post
11 days

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.

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FAQ

Why Very Bullish?

Kohl's notable price surge and trading volume suggest strong retail investor interest, reminiscent of previous explosive movements in highly shorted stocks.

How important is it?

The article highlights significant trading activity in Kohl’s, which can substantially affect its stock price due to the ongoing short squeeze.

Why Short Term?

The current momentum is driven by speculative trading, likely short-lived as fundamental issues persist.

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