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Bed Bath & Beyond Warned of Bankruptcy. Then Its Stock Soared 166%.

Por: MarketWatch Business January 11, 2023

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One possible explanation for Bed Bath’s sudden surge is another wave of meme stock enthusiasm. Other meme stocks, including (AMC) and (GME) had big days Wednesday, too, rising 21% and 7.2%, respectively. Retail traders sharing inside jokes on Reddit and posting about risky bets have previously rallied behind both and firms on the verge of bankruptcy, so this week’s move immediately drew such comparisons. A surprising surge in (HTZ) stock in... + full article



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