Kohl, Meme and Soar
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The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.
CNBC's Jim Cramer advised against shorting the stock of Kohl's, comparing the scenario to GameStop's short squeeze four years ago. Kohl's balance sheet isn't bad enough to justify such a heavy short position, Cramer said.
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Few people would have picked Kohl’s stock as a candidate for a double. Thanks to a “gamma squeeze,” it became the latest meme-trade darling to gain more than 100% in a single day.
The department store saw its share price double in early trading, thanks to heightened interest in the stock from online forums.
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Midland Police are asking for the public’s help in identifying two women and one man suspected of working together to steal merchandise from a local Kohl’s store. The theft occurred on June 21, 2025,