After a quiet first half of 2022, the meme stock is back. Beyond and back, in fact. Shares in Bed Bath & Beyond jumped 25% Wednesday on huge trading volume, and the retailer's stock nearly quintupled in a little more than two weeks.
FILE - A Bed Bath & Beyond sign is shown in Mountain View, Calif., May 9, 2012. Shares in Bed Bath & Beyond jumped 22% to more than $25 per share Wednesday, Aug. 17, 2022, on huge trading volumes, and the mall-based home goods retailer’s stock has nearly quintupled in a little more than two weeks. If the price holds until the market closes, it will be the fourth straight day it has gained more than 20%.
Beyond the quick reversal in after-hours trading, the notice also triggered howls across the internet, where growing masses of smaller-pocketed and amateur investors have banded together to push Bed Bath & Beyond’s stock “to the moon”“BBBY is over,” one commenter said on Reddit’s WallStreetBets forum, a hub for some of the discussion about Bed Bath & Beyond, whose ticker symbol is BBBY. “This was the killing blow.
It’s hard to pinpoint why anyone would pour money into a company that’s flashing as many warning signs as Bed Beth & Beyond,
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