Bed Bath & Beyond stock’s meme-like bounce won’t last, analyst says

Published on 18 Apr 2023 on Market Watch

Bed Bath & Beyond stock’s meme-like bounce won’t last, analyst says

Shares of Bed Bath & Beyond Inc. extended their big bounce off a record low Tuesday, but because the latest meme-like rally was fueled by social-media speculation, it’s not likely to last, according to retail trading platform Capital.com.

The home-goods retailer’s stock ran up 15.1% in midday trading. Trading volume swelled to 187.8 million shares, compared with the full-day average over the past 30 days of about 88.2 million shares.

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Bed Bath & Beyond stock’s meme-like bounce won’t last, analyst says

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