Bed Bath & Beyond Inc. shares (BBBY) rose another 6% in premarket trade Tuesday, extending Monday's roughly 40% gain as the Reddit group that helped create the "meme stock" phenomenon during the pandemic appeared to embrace the embattled retailer again. There was no fresh news driving the move. Other meme stocks that were swept up in Monday's rally were mixed, with GameStop Corp. (GME) down 0.9% and AMC Entertainment Holdings Inc. (AMC) up another 1.5%. Bed Bath & Beyond shares are down 21% in the year to date, while the S&P 500 has fallen 13%.
(END) Dow Jones Newswires
August 09, 2022 06:35 ET (10:35 GMT)
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