Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Koss Stock Soared on Friday

TheMotleyFool

0 0

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

Like: 0

KOSS

Share