Even as Opendoor and Kohl’s stalled, two other stocks were taking up the meme-trade mantle on Wednesday. Shares in doughnut chain Krispy Kreme surged 20% ahead of the opening bell, and mortgage lender Rocket jumped 14%. Both have significant short interest and have drawn interest on WallStreetBets in recent days.

Opendoor has become the latest "meme stock," with its rally heavily influenced by retail investor enthusiasm. Shares of Opendoor Technologies (NASDAQ: OPEN) are falling on Tuesday, down 6% as of 3:03 p.