Memesters took the likes of Kohl’s and Krispy Kreme on a wild ride.

Social media buzzed with excitement on Monday as some beaten-down stocks that retail traders have been buying began to soar. Kohl's, Opendoor Technologies, Krispy Kreme and Rocket Cos. were among the names that posted outsized swings throughout the week.

While many pencils are certainly in action, the prevailing narrative in the equity market has once again been hijacked by traders who couldn’t care less about the nitty-gritty of the stocks they’re buying.