The 510% three-week surge by Bed Bath & Beyond Inc., which has helped reinvigorate a wave of meme stock buying, stands in the face of Wall Street banks ...
Bed Bath & Beyond is ready for an epic short squeeze due to its low float, high short interest, and growing retail investor interest.
Disclosure: I/we have a beneficial long position in the shares of BBBY either through stock ownership, options, or other derivatives. BBBY has a current market cap of ~$1.3 billion. GME stock traded around $4 then soared to as high as $480 in January 2021. In Q1 2022, BBBY comparable same-store sales fell 24% and revenue fell to $1.46 billion. He succeeded with Chewy ( CHWY) and GameStop. Is it smart to bet against him this time around? BBBY is a high risk, high reward meme stock that could really soar if retail investors catch FOMO with the stock. According to Apewisdom, BBBY is the #1 trending stock on Reddit. There is a chance that BBBY stock follows a similar runup just like GME did in terms of market cap. Ross Stores ( Target ( - Billionaire Ryan Cohen bought a 9.8% stake in the company back in March 2022 and BBBY has made several key changes to turn the company around. - BBBY is the #1 trending stock ticker on reddit WallStreetBets and could soar just like GameStop did in January 2021.
Bed Bath & Beyond shares have been skyrocketing in recent weeks. Here's why the rally may not end anytime soon.
This can indicate that the current trend โ in our case, BBBY's stock rally โ will continue for some time. A week later, on Friday, August 12, open interest increased to about 62,800 call option in-the-money contracts. It can be used to measure the value of options contracts that have been created but not yet closed. This is likely connected to recent short squeezes in BBBY. Check out this chart below, which illustrates sentiment for the stock on WSB: But the stock's popularity is also growing on Reddit as a whole. Reddit's r/wallstreetbets (WSB) subreddit is probably the most influential online forum when it comes to retail investors.
Bed Bath & Beyond jumped as meme stock traders piled in, encouraged by GameStop chairman Ryan Cohen placing another bet on the struggling retailer.
Now under Gove, Bed Bath is trying to turn the ailing business around, but analysts remain unsure it will succeed. This came after the company suffered another quarter of sluggish sales and heavy losses. He also urged the retailer to consider selling its Buybuy Baby chain. The new purchase grabbed the attention of retail traders on Reddit's WallStreetBets forum. The strike price is where the security can be bought by the option holder, meaning Cohen is betting that Bed Bath & Beyond can rise as high as $80 a share. The stock closed Monday at $16.
Today, retail investors appear to be getting very interested in BBBY stock following a very out-of-the money bet by Ryan Cohen.
Accordingly, retail investors seem to be taking the bet as a sign more upside is on the horizon. Accordingly, Ryan Cohen appears to have made this bet before it was popular to do so. This meme stock rally may have more room to run, considering todayโs price action across a range of high-profile meme stocks.
Investors appear to be back making speculative bets and giving rise to meme stocks following the recent selloff in the stock market. Bed Bath Beyond (BBBY), ...
Apart from BBBY, PGY, and HKD, more meme stocks should emerge as investors turn to speculative trades to bet on the market recovery. The AMTD Digital rally has all the features of a meme stock. PGY stock has gained more than 700% over the past month to trade above $20.
Bed Bath & Beyond (BBBY 29.06%) stock was soaring once again today as the short squeeze in the meme stock accelerated, attracting more traders on platforms ...
[meme stock](https://www.fool.com/investing/stock-market/types-of-stocks/meme-stocks/) rally is that it's mistake to bet against the meme traders. Bed Bath & Beyond stock is now up nearly 700% since July 26, and with the stock going parabolic today, that could mean that the rally will fizzle soon, as that kind of price action is usually a sign of volume peaking. [short squeeze](https://www.fool.com/investing/how-to-invest/stocks/short-squeeze/) like the ones we saw in stocks like GameStop and AMC Entertainment last year. Shortly before noon, the trading volume had reached more than 200 million, meaning the average share had already been traded more than once. One Bed Bath & Beyond (BBBY) thread on WallStreetBets had more than 9,000 comments in the last two hours, touting price targets like $60 and $80 as well as rampant call-option buying in order to accelerate the short squeeze, or [gamma squeeze](https://www.fool.com/investing/2021/01/28/what-is-a-gamma-squeeze/) as they're known with options. Today was the 14th gain out of the last 15 sessions for the stock.