Why Kohl's Stock Was Skyrocketing Today

Shares of Kohl's (KSS 36.28%) were soaring today after the ailing department store chain became the latest stock to get the meme treatment, following in the footsteps of Opendoor Technologies' meteoric rise in recent weeks.There was no company-specific news out on the stock. The only market-moving catalyst was a price target hike from Goldman Sachs from $5 to $7, though the investment bank still kept a sell rating on Kohl's. As of 10:18 a.m. ET, the stock was up 28.9% on extraordinarily high volume. Earlier ...