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Kohl’s Up After News of Potential Acquisition

Photo of business partners shaking hands.

Kohl’s Corporation (KSS) launched +9% today after reports came out about Kohl’s being in a negotiating period with Franchise Group, Inc. (FRG) about purchasing Kohl’s for $8 billion. KSS is held by 136 ETFs and the top three holders are: Emles Alpha Opportunities ETF (EOPS) 10.51%, the LeaderShares AlphaFactor Tactical Focused ETF (LSAT) 3.21%, and the Invesco S&P MidCap Value with Momentum ETF (XMVM) 2.01%.

ETF Newz Says:

The sudden increase in trading for KSS can be attributed to investors betting on a positive future for Kohl’s after transfer of ownership.