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<blockquote data-quote="WPLG" data-source="post: 64704" data-attributes="member: 158">After a quiet first half of 2022, the meme stock is back. Beyond and back, in fact.Shares in Bed Bath &amp; Beyond jumped 25% Wednesday on huge trading volume, and the mall-based home goods retailer’s stock has nearly quintupled in a little more than two weeks. If the stock's price holds until the market closes, it will be the fourth straight day it has gained more than 20%.The inexplicable recent rise — a hallmark of so-called meme stocks — comes as Bed Bath &amp; Beyond continues to lose money on plummeting sales as it struggles to navigate the post-pandemic retail landscape.Bed Bath &amp; Beyond <a href="https://apnews.com/article/33fa91f0e8114f4536dd0d1271ae1d2b" target="_blank">fired CEO Mark Tritton in June</a> after the company based in Union, New Jersey, reported a 25% drop-off in sales in its most recent quarter, which followed a 22% sales decline the previous quarter. Tritton, who as CEO of Target revitalized that retailer by introducing a bevy of new brands, laid out a similar plan for Bed Bath &amp; Beyond in 2021, but with far less success.It's hard to pinpoint why anyone would pour money into a company that's flashing as many warning signs as Bed Beth &amp; Beyond, <a href="https://apnews.com/article/business-bf7f6f6155a9ebf107430806d806330a" target="_blank">but it echos the 2021 trend</a> where small investors banded together in online forums like Reddit’s WallStreetBets to stoke a frenzy over certain struggling companies, like GameStop, AMC and Bed Bath &amp; Beyond.Bed Bath &amp; Beyond shares <a href="https://apnews.com/article/business-media-4c5b18fbc03f550e892e085ab1255ba3" target="_blank">also skyrocketed in March</a> when the investment firm of billionaire Ryan Cohen took a 10% stake in the company and recommended that it sell all or part of its business. Cohen, a co-founder at Chewy, was at heart of the GameStop meme saga last year.Cohen built a huge following on Reddit and on social media in 2021 as smaller investors gobbled up meme stocks.<a href="https://www.local10.com/business/2022/08/17/return-of-the-meme-stock-bed-bath-beyond-shares-skyrocket/" target="_blank">Continue reading...</a></blockquote>

[QUOTE="WPLG, post: 64704, member: 158"] 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 mall-based home goods retailer’s stock has nearly quintupled in a little more than two weeks. If the stock's price holds until the market closes, it will be the fourth straight day it has gained more than 20%. The inexplicable recent rise — a hallmark of so-called meme stocks — comes as Bed Bath & Beyond continues to lose money on plummeting sales as it struggles to navigate the post-pandemic retail landscape. Bed Bath & Beyond [URL='https://apnews.com/article/33fa91f0e8114f4536dd0d1271ae1d2b']fired CEO Mark Tritton in June[/URL] after the company based in Union, New Jersey, reported a 25% drop-off in sales in its most recent quarter, which followed a 22% sales decline the previous quarter. Tritton, who as CEO of Target revitalized that retailer by introducing a bevy of new brands, laid out a similar plan for Bed Bath & Beyond in 2021, but with far less success. It's hard to pinpoint why anyone would pour money into a company that's flashing as many warning signs as Bed Beth & Beyond, [URL='https://apnews.com/article/business-bf7f6f6155a9ebf107430806d806330a']but it echos the 2021 trend[/URL] where small investors banded together in online forums like Reddit’s WallStreetBets to stoke a frenzy over certain struggling companies, like GameStop, AMC and Bed Bath & Beyond. Bed Bath & Beyond shares [URL='https://apnews.com/article/business-media-4c5b18fbc03f550e892e085ab1255ba3']also skyrocketed in March[/URL] when the investment firm of billionaire Ryan Cohen took a 10% stake in the company and recommended that it sell all or part of its business. Cohen, a co-founder at Chewy, was at heart of the GameStop meme saga last year. Cohen built a huge following on Reddit and on social media in 2021 as smaller investors gobbled up meme stocks. [url="https://www.local10.com/business/2022/08/17/return-of-the-meme-stock-bed-bath-beyond-shares-skyrocket/"]Continue reading...[/url] [/QUOTE]

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