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Why Koss Stock Soared on Friday

TheMotleyFool

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Shares of headphone company Koss (NASDAQ: KOSS) soared on Friday. At one point during the trading day, shares were up more than 150%. As of 1 p.m. EST, however, the stock is up 93%.

The tech stock's gain follows the company's fiscal second-quarter earnings release, which featured strong sales growth and a swing from a loss in the year-ago quarter to a profit. But shares are also likely trading higher because the stock is a short-squeeze play as part of a popular recent trading trend started on Reddit.

Image source: Getty Images.

Source Fool.com

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