Krispy Kreme, Meme and Stock
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Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Small investors piled into Kohl's Tuesday and sent shares flying upwards as the department store retailer became the latest business caught up in a stock market frenzy.
Shares of apparel retailer Kohl's soared on Tuesday as retail investors piled into the heavily shorted stock in a replay of the meme stock mania that shook the stock market in 2021.
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During the company's most recent quarterly call with investors and analysts, Kohl's reported a 4.1% sales decrease, continuing a streak of quarterly sales decreases that has started more than two years ago. The company is also expecting a net sales decrease between 5% and 7%.
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El resurgimiento de las acciones meme podría extenderse un día más, ya que GoPro Inc., Krispy Kreme Inc. y Beyond Meat Inc. registran fuertes alzas en las primeras operaciones del miércoles.
Huge interest in the Menomonee Falls-based retailer's stock drove so many trades July 22 that trading was briefly suspended. The rally came after online forums talked up shares in the retailer, which has suffered from sales slumps and corporate leadership turnover.