The "Reddit Rally" is back for a second act, and a lot of the same stocks that blasted off early in the month are going along for the ride once again.
While GameStop soaked up much of the attention in early February after a group of investors on the Reddit board WallStreetBets sparked a short-term rally, Koss was actually the better performer. Its shares jumped 1,800% in a single week, and peaked at 3,715% higher.
Koss has been around for a half-century, and its headphones at one time were state of the art. But the company had fallen on hard times of late, trading below $2 per share as recently as last year.
While GameStop soaked up much of the attention in early February after a group of investors on the Reddit board WallStreetBets sparked a short-term rally, Koss was actually the better performer. Its shares jumped 1,800% in a single week, and peaked at 3,715% higher.
Koss has been around for a half-century, and its headphones at one time were state of the art. But the company had fallen on hard times of late, trading below $2 per share as recently as last year.