Overview

• Shares slipped about 2% Tuesday morning after an early pop, underscoring volatile trade as the company searches for a new chief executive.
• The stock jumped 19% on Monday and is up roughly 60% over the past five sessions, extending a multi-day rally.
• CEO Carrie Wheeler resigned last week and chief technology and product officer Shrisha Radhakrishna was named interim leader as a formal search begins.
• Retail enthusiasm and social-media campaigns, including posts from activist investor Eric Jackson and activity on r/WallStreetBets, have helped propel the move.
• Operational gauges remain strained with ongoing losses and about $2.2 billion of inventory-related debt, while short interest near 23% heightens squeeze risk.