Koss Is Making Moves: What Should You Know?

Most recently, the term meme stock appeared on the stock market. These are stocks that have shown significant growth not because of effective management, but rather because of the hype on social networks and online forums. One such stock is Koss that has shown significant growth during the last trading session. The worth of the stock has increased by 25%, which is a growth from $15 to $18.

The movement in a price valuation of the company’s shares is caused by the latest news from the California court’s decision to the side of the Koss among the many lawsuits and counter-suits. It turns out that Koss owns the patent for the concept of a wireless connection between headphones and a speaker. After the judgment, Apple shares fell while Coss shares rose. This action was actively promoted on Reddit, where almost all meme stocks get their attention.

Michael Rowels

Weekend Contributor.Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.