Why Bed Bath & Beyond Rose 5.7% Last Week

·2 min read
Why Bed Bath & Beyond Rose 5.7% Last Week

As one of the original so-called meme stocks that tend to trade more on the basis of social media chatter than business fundamentals, with over 21% of its outstanding shares sold short, Bed Bath & Beyond retains a loyal following among internet traders looking for a short squeeze to occur. While many meme stocks have dicey financials, making their long-term viability suspect, Bed Bath & Beyond has a decent chance of turning around its business.

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