Kohl's Corp.'s shares increased by over 100% at market open to above $21 but quickly plummeted to $14, following a day of trading below $10. The trading volume surged dramatically, reaching 208 million shares compared to the usual 12 million. Kohl's financials remain mediocre, with $3.1 billion in recent revenue and a loss of ($0.13) per share. The volatility reflects broader trends in meme stocks, which can pose risks for investors not prepared for such swings.
Kohl's shares rose over 100% at open to over $21, then crashed to $14, showcasing extreme volatility and trading volume.
Kohl's reported recent revenues of $3.1 billion, with per-share earnings of ($0.13), an improvement from ($0.24) the previous year.
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