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Koss Family, Insiders Get Rich On Stock Jump


Company insiders cash in on Wall Street feud. And the Journal Sentinel s huge error.
By
Jeramey Jannene - Feb 10th, 2021 01:31 pm
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Koss Corporation headphones. (Pixabay License).
While national media attention focused on GameStop, several other companies were caught in the crosshairs of a stock market fight between pessimistic hedge funds and aggressive retail traders, including Milwaukee’s own Koss Corporation.
The headphone manufacturer’s stock surged to record highs as retail traders started buying large numbers of shares in late January.
Koss, with just over 30 employees, saw its market value climb from approximately $20 million to more than $1 billion as its stock went from trading around $3 per share to briefly more than $120. ....

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