Last week, Koss Corp. NASDAQ: KOSS surged over 200% on abnormal volume and meme speculation. The stock traded over 100 million shares combined on Wednesday and Friday, compared to its average volume of just 1.9 million shares, highlighting its current high activity.
Koss stock has risen 253% this week and is on pace to have its best weekly performance since the week ending Jan. 29, 2021.
The meme stock phenomenon isn't dead—it's just biding its time. Koss Corporation KOSS, a headphone maker with fundamentals that could use a little tuning, saw its stock price skyrocket over 250% on Wednesday.
Shares of Koss Corp. rose 7.6% in premarket trades Friday as meme-stock chatter continues to swirl around the headphone maker.
There are plenty of speculators out there looking for the next meme stock to bet on. Koss (NASDAQ: KOSS ) is one such company that appears to be garnering interest in these circles, with KOSS stock surging 143% today on a shortened session.
Koss Corporation (NASDAQ: KOSS ), one of the high-flyers in the 2021 meme stock craze, is catching a bid today. This follows the return of Roaring Kitty, who helped kickstart the rise in GameStop (NYSE: GME ) and other meme stocks in 2021.
Koss Corporation (NASDAQ: KOSS) stock price has gone parabolic in the past few weeks, making it one of the top-performing companies in Wall Street. It initially surged to a high of $6.96 in May, a 205% increase from its lowest swing this year.
The meme stock trend of 2021 is back in 2024 – but that's not necessarily a good thing. Retail traders are suddenly interested in Koss (NASDAQ: KOSS ) now, but have they really studied the company's fundamentals?
Discover why Zacks has given KOSS an "Underperform" rating, being the first on Wall Street to initiate coverage on the stock. Explore the company's financial challenges, competitive pressures and operational risks, balanced by its strong cash reserves and focus on innovation.
Last week, the market experienced a flashback to the meme stock mania of 2021. Keith Gill, famously known as RoaringKitty, reemerged on X, sparking a renewed frenzy among retail traders.