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Thanks to meme-stock investors, Bed Bath & Beyond has reportedly managed to secure up to $1 billion in funding to avoid filing for bankruptcy.
And meme-stock investors have piled into the stock en masse, triggering a short squeeze. Shares rose as much as 150% in the first two months of this year, reaching as high as $5.86 in early February.
Retail investors appear to have driven up the share price of meme stocks once again as troubled chain Bed Bath & Beyond was up 49% while AMC rose 2% at the close of trading on Wall Street on Thursday.
Bed Bath & Beyond Inc.’s white knight might be a hedge fund, but the rescue wouldn’t have happened if it wasn’t for the meme traders who made the logic behind the deal possible. Even as Bed ...
Shares of Bed Bath & Beyond have collapsed 95% from a closing high of about $35 in January 2021. However, that pales in comparison to losses since the firm’s heyday in 2014, when shares peaked ...
Why Bed Bath & Beyond shares spiked more than 350 percent this month. The housewares chain is the latest brick-and-mortar brand to move into meme-stock terrain on the power of online message boards ...
Bed Bath & Beyond shares tumbled 20% on Thursday and closed at $18.59. They continued to fall after hours, shedding another 45% to $10.87. The shares traded as high as $30 during Wednesday’s ...
Bed Bath & Beyond was the most bought stock among retail brokerage Fidelity's customers with more than three buy ... which were at the heart of a meme frenzy in early 2021, jumped 8.8% and ...
Bed Bath & Beyond plunged more than 40 percent Friday as investors put a hard stop on the meme stock’s meteoric rise, highlighting the volatility and immense risk that has defined a new era of ...
Meme stock traders drove up the share price yet again following news that GameStop chairman Ryan Cohen, who owns a more than 10% stake in Bed Bath & Beyond, purchased call options on more than 1.6 ...
Other meme stocks have also risen this week amid the attention garnered by Bed Bath & Beyond’s rally. Blue Apron, a meal kit company, saw shares of its stock rise by more than 60% in the past ...