Bed Bath & Beyond stock soars again, heads for 13th gain in 14 days
Shares of Bed Bath & Beyond Inc. (BBBY) shot up 17.6% in premarket trading Monday toward a four-month high, putting the meme stock on track for a fourth-straight gain. The stock had run up 21.8% on Friday, and had soared 32.3% since it fell 14.2% on Aug. 9 to snap the longest win streak in 15 years. The home good retailer's meme stock is headed for the 13th gain in 14 sessions. Monday's gain comes as fellow meme stocks AMC Entertainment Holdings Inc. (AMC) fell 0.9% and GameStop Corp. (GME) lost 1.3% amid a broader-market selloff, in which futures for the S&P 500 declined 0.5%.
(END) Dow Jones Newswires
August 15, 2022 08:37 ET (12:37 GMT)
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