Koss Surge Could Be Linked to Roaring Kitty Mic Drop

Dow Jones07-05

As Koss goes "to the moon," observers have been left wondering why the Wisconsin headphones maker has become the latest "meme stock."

Wedbush analyst Michael Pachter thinks it all goes back to a May post by Gamestop mastermind Keith Gill, aka "Roaring Kitty."

First reported in Benzinga, the video featured emojis of a microphone and an American flag, which Redditors who hang on Gill's every keystroke have interpreted to mean that he plans to target Koss, which also makes microphones, around the July Fourth holiday.

Pachter says the tipoff is the trading volume, which on Wednesday reached nearly 64 million shares. Shares surged 144% to $10.63.

Koss shares soared over 30% in premarket trading.

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druvaciam
07-06
druvaciam
🤣 Crazy move

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Shares surged 144% to $10.63. </p><p>Koss shares soared over 30% in premarket trading.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d610b8bd209d58c9506078226cc0c914\" title=\"\" tg-width=\"847\" tg-height=\"838\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KOSS":"高斯电子","BK4078":"消费电子产品","GME":"游戏驿站","CHWY":"Chewy, Inc.","BK4547":"WSB热门概念"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2448643252","content_text":"As Koss goes \"to the moon,\" observers have been left wondering why the Wisconsin headphones maker has become the latest \"meme stock.\" Wedbush analyst Michael Pachter thinks it all goes back to a May post by Gamestop mastermind Keith Gill, aka \"Roaring Kitty.\" First reported in Benzinga, the video featured emojis of a microphone and an American flag, which Redditors who hang on Gill's every keystroke have interpreted to mean that he plans to target Koss, which also makes microphones, around the July Fourth holiday. 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