Kohl's and Krispy Kreme have been subject of online chatter, including on WallStreetBets, about their potential. Rocket Companies is up 6%.

Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest beaten down companies to see a share price revival are Krispy Kreme, GoPro and Beyond Meat.

Like most sequels, “Meme Stock Mania Part II” can’t quite replicate the magic of the original. But for a couple of days, it looked like we were on the brink of a repeat of that early-2021 fervor, when an army of regular-Joe day-traders banded together online to get rich quick while waging financial war on the supposedly more sophisticated suits on Wall Street.

CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."

What Happened? Shares of department store chain Kohl’s (NYSE:KSS) fell 16.4% in the afternoon session after the stock gave back a significant portion of the previous day's massive gains, which were driven by a meme-stock-style trading frenzy.

Kohl's has become a meme stock. Investors recently noticed the stock had close to 50% short interest. The company has struggled as of late. 10 stocks we like better than Kohl's › After rocketing nearly 38% higher yesterday, shares of Kohl's (NYSE ...

CNBC's Jim Cramer, host of Mad Money, ended his show by issuing some advice to the hedge funds shorting Kohl's: "Cover and move on."

The department store saw its share price double in early trading, thanks to heightened interest in the stock from online forums.