Bed Bath & Beyond’s 75% Surge Extends Huge Rally

The 349% three-week surge by Bed Bath & Beyond Inc.

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which has helped reinvigorate a wave of meme stock buying

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stands in the face of Wall Street banks sounding the alarm on the stock’s lofty valuations.

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The buying spree extended Tuesday as the stock soared as much as 79%

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before trimming gains to 29% and closing at $20.65 after a pair of trading halts.

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The stock was the most actively traded company as 385 million shares changed hands

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more than 20-times the three month average, Bloomberg data show.

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Watch our previous story Adrienne Bailon and Israel Houghton welcomes baby boy

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