Meme-Stock Trader Keith Gill Sparks Speculation on Social Media

  • Koss’s stock pared back last week’s gains after climbing 25.6% on Friday
  • Trading volume was 10.04 million, well above its 65-day average of 2.82 million
  • The stock snapped a two-day winning streak
  • Koss shares skyrocketed 143.8% on July 3, registering their biggest daily percentage gain since Jan. 27, 2021
  • Koss shares are up 213.1% in 2021, outpacing the S&P 500 index’s gain of 16.8%

Koss Corp.’s stock experienced a decline after a significant gain, ending Monday’s session down 21.4% following a 25.6% increase on Friday. The trading volume was 10.04 million, significantly higher than its average of 2.82 million. Koss shares have dropped in three out of the past ten sessions. The company saw a surge in stock value amid rumors that meme-stock trader Keith Gill, also known as Roaring Kitty, would be buying shares. Meme-stock discussions resurfaced on social media platforms last week, although Gill has not publicly mentioned Koss. Shares of Koss skyrocketed 143.8% on July 3, marking their largest daily percentage gain since January 27, 2021. The company’s shares have increased by 213.1% in 2021, surpassing the S&P 500 index’s growth of 16.8%.

Factuality Level: 7
Factuality Justification: The article provides accurate and objective information about Koss Corp.’s stock performance and its relation to meme-stock chatter. It reports on the company’s trading volume, percentage gains, and compares it with the S&P 500 index. However, it lacks context or background information on Koss Corp., Keith Gill, and the meme-stock phenomenon which might be necessary for a fuller understanding of the topic.
Noise Level: 7
Noise Justification: The article contains irrelevant and misleading information, exaggerated reporting, and repetitive information.
Public Companies: Koss Corp. (KOSS)
Key People: Keith Gill (influential meme-stock trader)

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Financial Relevance: Yes
Financial Markets Impacted: Koss Corp’s stock
Financial Rating Justification: The article discusses the impact on Koss Corp.’s stock price due to meme-stock chatter and its relation to financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.marketwatch.com