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.
The meme-stock frenzy is back this summer, with some new names drawing traders' attention.
Department Stores Industry | Consumer Cyclical Sector | Michael J. Bender CEO | NYSE Exchange | 500255104 Cusip |
US Country | 87,000 Employees | - Last Dividend | 25 Apr 2000 Last Split | 18 May 1992 IPO Date |
Kohl's Corporation, founded in 1988 and headquartered in Menomonee Falls, Wisconsin, stands as a prominent omnichannel retailer within the United States. The company is renowned for its diverse range of offerings, which include branded apparel, footwear, accessories, beauty, and home products. Kohl's prioritizes accessibility and convenience for its customers by distributing its products through both its physical stores and online website, ensuring a seamless shopping experience across various platforms.