Meme Stock Speculation Boosts Koss Corp. Shares by 25%

Friday, 5 July 2024, 21:20
Koss Corp. shares surged 25% on Friday as speculation fueled by social media posts, particularly from meme stock influencer Keith Gill, hinted at potential interest in the company. Gill, also known as 'Roaring Kitty', sparked excitement among followers with cryptic messages and images evoking interest in Koss shares before the U.S. Independence Day holiday. The surge in share price reflects the impact of social media chatter and online speculation on stock movements.
Yahoo Finance
Meme Stock Speculation Boosts Koss Corp. Shares by 25%

Koss Corp. Stock Surge

Shares of headphone maker Koss Corp. soared for the second consecutive day, closing at $13.35 on Friday, with intraday highs reaching $18.50.

Social Media Speculation

Online posts, particularly by meme stock influencer Keith Gill, hinted at potential interest in Koss Corp., generating excitement among followers.

  • Roaring Kitty Influence: Known online as 'Roaring Kitty', Gill's cryptic posts and images sparked speculation regarding his possible investment in Koss shares.
  • Reddit Speculation: Reddit forums, including the GameStop subreddit, further fueled speculations about 'Roaring Kitty' possibly buying Koss shares around July 4.
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