Koss stock joins the meme stock craze: ‘it bothers me'

Core Viewpoint - KOSS Corp has experienced a significant surge in stock price, opening more than 50% higher, driven by the ongoing meme stock phenomenon [1]. Group 1: Stock Performance - Koss stock has more than doubled compared to its year-to-date low, reflecting a rally in meme stocks following a tweet from Keith Gill, known as "Roaring Kitty" [2]. - Despite the stock's rise, Koss reported a 40% increase in net loss for its third financial quarter last month [2]. Group 2: Market Sentiment and Commentary - The recent rally in Koss stock is not fundamentally supported, which has raised concerns among market experts like Jay Clayton, former chair of the U.S. Securities & Exchange Commission [3]. - Clayton emphasized that social media activity, such as tweets, should not be considered investment advice, labeling the actions of those participating in the meme stock frenzy as "gambling" rather than investing [5].