All articles tagged with #wall street bets
Originally Published 5 months ago — by Business Insider
An American Eagle ad featuring Sydney Sweeney went viral, leading to a 12% surge in its stock price as retail traders on Wall Street Bets jumped in, making it a new meme stock alongside others like Krispy Kreme and Opendoor, despite the company's ongoing challenges and a 32% year-to-date decline.
Originally Published 5 months ago — by Milwaukee Journal Sentinel
Kohl's stock nearly doubled in a day, driven by online trading forums like Reddit's Wall Street Bets, making it a 'meme stock' with high volatility and significant short interest. An executive sold shares during the surge, but trades were executed under a pre-established plan. The phenomenon resembles past meme stock events with short-term trading spikes unlikely to impact Kohl's long-term prospects.