Meme investors are driving Bed, Bath & Beyond to its best nine-day stretch on record. The interest is also lifting other meme members, including AMC Entertainment and GameStop.
Bed, Bath & Beyond was the top searched stock during the past one- and seven-day periods on Reddit’s WallStreetBets discussion board, according to Quiver Quantitative.
The turnaround is share prices is stunning. Shares hit a 52-week low of $4.38 on July 1, and there was speculation that the company could go bankrupt.
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