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Benzinga

Business

Erica Kollmann

Krispy Kreme Enters Meme Stock Frenzy With Hot Glazed Hype

Krispy Kreme Nasdaq OPEN Kohl Opendoor DNUT KSS

Krispy Kreme -Photo by Morumotto via Shutterstock

Krispy Kreme, Inc. (NASDAQ:DNUT) has entered the arena as the latest heavily-shorted stock to join the meme stock battle as rallies in Opendoor Technologies, Inc. (NASDAQ:OPEN) and Kohl's Corp. (NYSE:KSS) fizzled on Wednesday.

What To Know: Krispy Kreme, a stock with enormous short interest, soared as much as 34.4% in premarket trading on Wednesday following a nearly 27% rally on Tuesday.

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