Kohl, stock and Reddit
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Meme stock mania returns
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As of noon Wednesday, the price of Opendoor stock had fallen to $2.05. That’s a drop of nearly 50% in just a few hours of trading.
WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021.
Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.
The equity price of iBuyer pioneer Opendoor has surged, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit.