Kohl, Meme and Soar
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Shares of the legacy department store Kohl’s doubled after they opened Tuesday, in a move with the markings of the next meme stock.
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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.
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.
Shares in the retailer jumped 38% as investors discussed whether it was the next meme stock. The heavily-shorted shares are still down nearly 30% over the past year. Target (TGT) s
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The department store saw its share price double in early trading, thanks to heightened interest in the stock from online forums.
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,