Krispy Kreme Inc. has joined Opendoor Technologies Inc. and Kohl's Corp. in the latest meme-stock wave as shares of the doughnut maker skyrocket amid a wild week for the names.

The heavily shorted stock, which went public in 1992, is on pace for its largest-ever daily percentage increase. The current record gain is 36%, seen on Jan. 24, 2022. The stock has also run up 69.2% ...