Kohl's Shares Surge Amid Meme Stock Frenzy
Kohl's shares surged nearly 38% amid a broader rally in meme stocks driven by online investor communities like WallStreetBets, despite the company's ongoing sales struggles and recent leadership issues. This phenomenon reflects a volatile trading environment where retail investors influence stock prices, often disconnected from company fundamentals, raising concerns about market froth and potential signs of a market top.