Kohl's shares surge 30% as retailer becomes latest meme stock: ‘Crazy group move'

Shares of department store chain Kohl’s more than doubled in value on Tuesday, making it one of the most-traded stocks on retail trading platforms and triggering a trading halt.The stock is the No. 1 trending ticker on retail investor forum Stocktwits. About 49% of Kohl’s outstanding shares available for trading are shorted, LSEG data showed. After trading resumed, it was last up 30% at $13.32.About 49% of Kohl’s outstanding shares available for trading are shorted, LSEG data showed. REUTERS“Kohl’s has a lo ...