Fortune 500 retailer Kohl’s gets meme stock treatment
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As of noon Wednesday, the price of Opendoor stock had fallen to $2.05. That’s a drop of nearly 50% in just a few hours of trading.
WallStreetBets, the infamous subreddit credited with helping to spawn the meme-stock phenomenon, is giving its regular readers a taste of what it was like during the trend’s heyday in early 2021.
The equity price of iBuyer pioneer Opendoor has surged, and it appears entirely driven by Reddit’s infamous Wall Street Bets subreddit.
Amid the resurgence of meme stock trading this week, a new acronym has captured the attention of users on Reddit's infamous WallStreetBets: DORK.
A Meme Stock Rollercoaster Opendoor Technologies (NASDAQ:OPEN) is surging 25% in morning trading today, reigniting excitement among retail investors who have crowned it a meme stock darling. Fueled by social media hype on platforms like Reddit’s WallStreetBets and X,
The chain became the latest “meme stock,” as the surge in trading was driven by online discussions on platforms like Reddit’s WallStreetBets. Reuters reported that the volume of the Wisconsin-based company’s stock caused a temporary halt in trading.
Online forums, including Reddit's Wall Street Bets, are believed to be contributing to the increased trading activity. Kohl's Chief Marketing Officer, Christie Raymond, sold $518,450 worth of company stock amidst the surge. The stock's volatility mirrors ...