8/16, 6:16 PM (Source: TeleTrader)
more TeleTrader news

Bed Bath & Beyond shares trade up over 60%

Shares of Bed Bath & Beyond (BBBY) traded over 60% on Tuesday after rallying on Monday by over 25% after 13 sessions of gains in the last 14 trading days. Year-to-date, the meme stock is up more than 86% and over 476% monthly.

The company's stock has seen a surge in activity, with no real news fueling the move. However, analysts believe the development is related to BBBY's recent notoriety among traders on the Wall Street Bets Reddit forum. A similar event to what happened with GameStop in January 2021.

Shares of BBBY were up by 60.56% at 12:15 pm ET to sell for $25.6900.

Baha Breaking News (BBN) / JG