Bed Bath & Beyond’s 75% Surge Extends Huge Rally
The 349% three-week surge by Bed Bath & Beyond Inc.
which has helped reinvigorate a wave of meme stock buying
stands in the face of Wall Street banks sounding the alarm on the stock’s lofty valuations.
The buying spree extended Tuesday as the stock soared as much as 79%
before trimming gains to 29% and closing at $20.65 after a pair of trading halts.
The stock was the most actively traded company as 385 million shares changed hands
more than 20-times the three month average, Bloomberg data show.
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