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Bed Bath & Beyond Quadruples as Retail Traders Fuel Latest Burst
- Shares soar for fourth day amid renewed retail trader interest
- Rally could spur ‘massive’ short squeeze, S3 Partners says
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Bed Bath & Beyond Inc. continued to surge on Thursday, rising for a fourth day and closing at the highest level since late October, after the company’s bankruptcy warning reignited interest from retail traders.
Shares in the home-goods retailer climbed 50%, adding to 166% gains from the previous three sessions. Other so-called meme stocks also added to gains Thursday after jumping Wednesday. Carvana Co. rallied 46% in the biggest advance on record while meme-stock poster-children AMC Entertainment Holdings Inc. and GameStop Corp. saw more modest gains.