View the BBBYQ premarket stock price ahead of the market. GameStop and AMC Entertainment, which were at the heart of a meme frenzy in early 2021, jumped 8.8% and 13.8%, respectively, rising for at least the sixth straight session. Bed Bath & Beyond Inc stock price live 0.20, this page displays OTC BBBYQ stock exchange data. The company in June replaced Chief Executive Officer Mark Tritton as part of a management shake-up as it reported a 25% slump in first-quarter net sales. “But most of the time these exaggerated moves are short-lived and the stocks tend to go back down.” The company in June replaced Chief Executive Officer Mark Tritton as part of a management shake-up. “These types of extremely large moves are outliers but they do happen time and time again,” said Adam Sarhan, chief executive officer at 50 Park Investments. It was the most actively traded stock across US exchanges with 54.5 million shares changing hands by 10:18 a.m. Bed Bath & Beyond also was the most bought stock among retail brokerage Fidelity’s customers with more than three buy orders for every sell order. NurPhoto via Getty ImagesĪs of midday Monday, Bed Bath & Beyond was the most searched name on Reddit’s WallStreetBets discussion board, according to Quiver Quantitative, CNBC reported. Bed Bath & Beyond was the most bought stock among retail brokerage Fidelity’s customers. If gains hold, Bed Bath & Beyond’s market value is set to double to over $900 million since the rally began on July 27. The stock was last up at $11.33, a near three-month high, looking to extend its gains for the ninth straight session. Summary BBBYQ US0758961009 BED BATH & BEYOND INC. The rush of demand from short sellers looking to exit bets pushes rising stock prices even higher, resulting in a short squeeze. : BBBYQ Stock Price US0758961009 MarketScreener Homepage Equities United States OTC Markets Bed Bath & Beyond Inc.
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“We do believe there is currently a short squeeze playing out in BBBY,” said Evan Niu, analyst at Ortex, adding that 45% of the firm’s free float was shorted.Ī jump in the price of shorted shares can force bearish investors to buy back shares at a higher price to limit losses. Shares of Bed Bath & Beyond jumped 39% on Monday as retail investors flocked to the highly shorted stock of the home goods maker, likely piling pressure on those with bearish bets on it.
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