Kohl’s Corp. shares more than doubled Tuesday, minting it as the newest meme stock, amid an influx of mentions by retail traders on social media. The retailer’s stock price soared as much as 105% when the equity market opened,

The level of short interest in Kohl’s shares, at nearly 50%, has finally caught the attention of retail traders, setting the discount retailer up to become the market’s newest meme stock. The stock traded up as much as 105% Tuesday morning,

Like other beaten down stocks suddenly embraced by retail investors, Kohl's has benefited this month from buzz in online investor communities like WallStreetBets, the Reddit forum that in 2021 helped power the starting market gains of companies like GameStop,