3/14/2023 0 Comments Bed bath beyond stockOn Friday, August 12, the stock was trading around $11 per share, when prices started to rise. Last Tuesday, Bed Bath & Beyonds stock price. Like the surge in GameStop and AMC, the Bed Bath & Beyond rally was largely driven by individual investors (also called retail investors), many of whom gather on Reddit’s r/ WallStreetBets subreddit. Meme stocks - stocks that go viral online through social media or message boards - continue to make news on the New York Stock Exchange and NASDAQ. What sparked the Bed Bath & Beyond stock surge? BBBY stock finished that session up 29 in a volatile day. Here’s a quick catch-up course if you’re trying to get up to speed. Bed Bath & Beyond stock skyrocketed by nearly 70 in intraday trading on Tuesday as a result of a massive short squeeze. What’s going on? It’s a perfect storm of familiar names, speculative investing and, natch, Reddit. On Friday morning, the share price continued to tumble, down another 40%. But on Thursday, they came tumbling down, ending the day down about 20%. STORY: After soaring earlier in the week in the latest meme-stock frenzy, shares of Bed Bath and Beyond sank Thursday - losing more than 20 percent of their value mid-day - as a billionaire investor announced plans to sell his entire stake in the struggling retailer.Ryan Cohen’s RC Ventures intends to sell 9.45 million shares, totalling 148. ![]() In the past month, Bed Bath & Beyond shares have soared 365%. State of play: RC Ventures the VC arm of Ryan Cohen, chair of fellow meme stock GameStop disclosed late Monday that it had acquired 1.67 million Bed Bath call options expiring in January 2023 at a strike price ranging from 60 to 80. But the home goods store seems to be packing all of the volatility of the one-time r/WallStreetBets favorite into a matter of days. The stock, which has enjoyed previous rallies from meme stock traders, closed up 29.1 at 20.65. ![]() If GameStop was the favorite stock of 2021 among individual investors, Bed Bath & Beyond is quickly lining up for this year’s crown among meme stock investors.
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