Kohl's shares increased by 2% following a notable 38% surge the previous day, primarily attributed to Reddit discussions around high short interest. Krispy Kreme experienced a rise of almost 20%, with over 50% gains for the week, driven by potential short squeeze discussions despite a revenue decline. Rocket Companies saw more than a 6% rise ahead of its second-quarter results as analysts anticipated improved earnings post-acquisition. Lockheed Martin's shares went up nearly 1% despite reporting a significant profit fall due to pretax charges. NIO's stock rose 4% as it permitted test drives for customers in China.
Kohl's shares saw a rise of 2% after a major 38% increase the day before, driven by heightened Reddit chatter surrounding high short interest.
Krispy Kreme's stock leaped nearly 20% due to Reddit discussions about a potential short squeeze, despite reporting a 15% revenue decline in Q1.
Rocket Companies surged over 6% leading into its second quarter earnings announcement, with analysts expecting an earnings boost post-Redfin acquisition.
Lockheed Martin's shares increased almost 1% despite reporting an 80% decline in profits and a substantial loss related to a classified defense program.
NIO's stock gained 4% as the company allowed Chinese customers to begin test driving vehicles, building on a nearly 11% increase from Tuesday.
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