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Why Shares of Kohl's Are Sinking Today

TheMotleyFool

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Why Shares of Kohl's Are Sinking Today: https://g.foolcdn.com/editorial/images/826320/person-surprised-1.jpg

After rocketing nearly 38% higher yesterday, shares of Kohl's (NYSE: KSS) traded close to 16% lower, as of 12:12 a.m. ET today. Shares bobbed and weaved in violent trading sessions sparked by interest from retail investors, who view Kohl's as a meme stock.

With the market at all-time highs, investors are back in on meme stocks and appear to have targeted several names with high short interest that seem ripe for a short squeeze. Other stocks that have become meme stocks include Opendoor, Krispy Kreme, and .

Image source: Getty Images.

Source Fool.com