Overview
- Opendoor shares climbed over 480% in July after EMJ Capital’s Eric Jackson touted it as a “100-bagger” but fell 10% on Wednesday, snapping a six-session streak of double-digit gains.
- Kohl’s stock doubled intraday on Tuesday amid record retail buying and triggered multiple volatility halts before closing 38% higher, its largest one-day advance ever.
- Other heavily shorted names including Krispy Kreme, GoPro and Rocket Lab saw sharp rallies this week as traders on Reddit and X.com coordinated buying to force short squeezes.
- Trading volumes and options flows have signaled cooling momentum in recent sessions, with bid-ask imbalances pointing to growing volatility risks.
- Targeted companies continue to report persistent losses and slipping sales, underscoring the speculative nature of the recent price surges.