Kohl's experienced a significant surge in stock price, jumping from a low of $10.52 to a high of $19.53, becoming the latest meme stock favored by retail investors. The company's high short interest of around 33% made it vulnerable to a short squeeze. In addition, Rocket Companies, with a short interest of 60.75%, is seen as a likely candidate for the next meme stock surge on platforms like WallStreetBets. GoPro also saw its shares double in value due to increased retail interest, reflecting the power of investor sentiment in the meme stock phenomenon.
Retail investors have once again targeted stocks like Kohl's, which saw its price surge from $10.52 to $19.53 due to buzz from Wall Street Bets.
Kohl's has around 33% of its float short, making it a prime candidate for a short squeeze that sparked a dramatic price movement.
Rocket Companies, with a short interest of 60.75%, is highlighted as a potential next meme stock, showing a significant increase in mentions on Reddit.
GoPro's shares surged nearly doubling in value as it gained retail investor interest, benefiting from renewed momentum on WallStreetBets.
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