Kohl's Stock News

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Kohl's (NYSE: KSS) saw an unprecedented volume spike to 208 million shares traded versus a 12 million daily average, triggering a rapid short squeeze and subsequent crash.

Retail traders briefly pumped up the retailer's heavily shorted shares. A sustained rally will depend on fixing its flagging business.

Kohl's (KSS -0.88%) is one of the nation's top retailers, with locations across the country. It has been facing adversity of late as its financials haven't been looking great, but that hasn't stopped investors from taking a chance on this beaten-down stock.

Meme-stock behavior among some retail investors never really went away, a portfolio manager at Leuthold Group said.

Kohl's was amongst a new wave of meme stocks that surged from traders taking advantage of cheap share prices and heavy short positions.

The acronym DORKs was selected by some Wall Street "comedians" because that term probably brings to mind middle school memories. It's a win from a marketing perspective and much better than, say, KORDs would have been.

There's a new investing trend out there. Well, perhaps "newish" is the best way to put it, because to my eyes this is just a recycling of the meme stock fad that swept through the markets four years ago.