Retail favorites Opendoor Technologies and Kohl’s saw their shares surge on Thursday, driven by meme stock frenzy and record market highs. Opendoor rose 19% to $2.73, with a 400% increase in July. Bullish posts on X.com by EMJ Capital portfolio manager Eric Jackson fueled the rally. Kohl’s, a struggling department store, jumped 10.5%. Krispy Kreme and GoPro also saw gains. Short sellers are targeting these loss-making companies, but retail traders are driving rapid rallies. The recent surge in meme stocks recalls the 2021 Reddit-driven frenzy with GameStop and AMC.

Read more at Yahoo Finance: Opendoor, Kohl’s resume rally as meme stock frenzy continues