After years of struggling with post-pandemic normalization, supply chain issues, consumer headwinds, and competition in the retail sector, it appears that the bottom is in for Kohl’s (NYSE: KSS) stock. The stock price surged more than 40% in a single day, confirming support at long-term lows coinciding with the 2020 sell-off.
The move was driven by the increasing potential for a legitimate return to growth and resumption of dividend increases, which are truly bullish catalysts. However, short interest, short covering, and a short squeeze are factors to consider, as they can lead to increased volatility.
