Shares of Kohl’s Corp briefly doubled in value on Tuesday, as retail traders piled into the U.S. department store chain’s ...

Meme stocks are back. Jolted by a sudden surge in Opendoor stock last week, a handful of other shares have ripped higher on interest from retail traders.

Like Opendoor, Kohl's has had a run of underperformance and seen its stock price consistently fall from a post-pandemic recovery high of around $60 to a 52-week low of $6.04 in April of this year.

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.

Investing in retail stocks presents challenges. Costco sells at a premium valuation. Kohl's missteps have resulted in a low valuation. Buying stocks in the retail sector can prove tricky. That's ...

Kohl’s shares opened up about 100% at a 10-month high of $21.23 on Tuesday, triggering a trading halt, before paring gains to trade up 39% at $14.48, late in the afternoon.