Kohl’s stock more than doubled at its intraday peak Tuesday, then pulled back, a day after Opendoor shares did the same.

The latest so-called meme stocks are the department store Kohl’s, which has surged this week, and the online-based real estate company Opendoor Technologies, which has skyrocketed this month. Both companies have been struggling in their respective sectors.

Small investors piled into Kohl's Tuesday and sent shares flying upwards as the department store retailer became the latest business caught up in a stock market frenzy.

A company that lets homeowners quickly sell their homes has been the focus of frenzied stock trading over the last several days.

Opendoor (OPEN) shares have skyrocketed over 500% in a month, fueled by Reddit’s WallStreetBets and a return of meme stock mania. The rally parallels crypto’s $4 trillion market cap milestone and renewed investor confidence.

Despite the enthusiasm, Opendoor has significant financial troubles. The company's top line has plummeted from its height in 2022. The company's current annual run rate is well under a third of its 2022 sales. Opendoor has also never turned a profit and has significant negative cash flow.

Shares of apparel retailer Kohl's soared on Tuesday as retail investors piled into the heavily shorted stock in a replay of the meme stock mania that shook the stock market in 2021.

Individual investors are flocking to social media to cheer on a new group of oddball stocks and squeeze the short sellers; ‘Let’s goo!!’ says Hot-Ticket9440.

Kohls, the long struggling generalist retailer, saw trading halted after the open after the stock jumped more than 100% in pre-market trading.

Opendoor Technologies shares surged as much as 24% Tuesday before reversing early gains, as retail investors drove wild swings in the meme stock.

Despite that history, the real estate stock caught fire in recent weeks, seemingly as part of a meme stock boom, as chatter around the stock has increased on Reddit's WallStreetBets Page and X.com. Remarkably, the stock is up 160%, even though there have been no noteworthy changes in the company's fundamental business.