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Benzinga
Benzinga
Business
Surbhi Jain

Kohl's 43% Stock Surge Obliterates Shorts: Can Margin Gains Defy Retail Gloom?

Kohl KSS
Sep,16,,2019,Milpitas, - ,Ca, - ,Usa,-,Kohl's

Kohl’s Corp (NYSE:KSS) just delivered the kind of shock that forces traders to reach for the oxygen mask. KSS shares exploded more than 42% on Tuesday after the company flipped expectations with a surprise third quarter profit and raised full-year guidance, lighting up one of the market's most crowded short positions.

  • Track KSS stock here.
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